The head of IntercontinentalExchange Inc (ICE.N) said on Wednesday that mergers sweeping the exchange industry are in part an unintended consequence of global financial regulatory reforms. "It's an unintended consequence, and not necessarily a positive consequence," Jeffrey Sprecher told a Futures Industry Association conference here. In a flurry last month, Deutsche Boerse AG (DB1Gn.DE) bid for NYSE Euronext (NYX.N), London Stock Exchange (LSE.L) offered to buy Toronto Stock Exchange parent TMX Group Inc (X.TO) and BATS Global Markets bid for fellow private venue operator Chi-X Europe.
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