The exchanges have been one of the better places to hide in the financial sector this year. The banks and much of the real estate investment trust sector have been sold off on fears of credit-related losses. The exchanges, on the other hand, have benefited from the coronavirus-driven volatility, which has increased trading volumes and fees. Which exchanges are best poised for the future and which have some sort of competitive edge to help them retain their market share? Let's take a look at Cboe Global Markets (NYSEMKT: CBOE) and Intercontinental Exchange (NYSE: ICE).