With Reg NMS and Mifid introducing both best execution and aggressive competition between traditional exchanges and alternative trading venues, and the industry march towards cross-asset trading, the current generation of execution algorithms will become obsolete. Therefore, are financial institutions spending millions on already antiquated technology? A number of factors will ensure 2008 witnesses a new cycle of innovation.
The fragmentation of liquidity in Europe will
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails