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EDITOR'S LETTER

In this month's cover story, we tackle the issue of MiFID's role in the burgeoning flow of market data that experts say will soon be unleashed once the initiative gets under way. Right now, European firms are trying to understand the minutiae of the MiFID rules and its impact on market data and reference data. Look to Waters for the scoop on what institutional investment firms must do to stay on the right side of the law.

This issue also looks at the new initiatives taking place at the exchanges

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

Why recent failures are a catalyst for DLT’s success

Deutsche Bank’s Mathew Kathayanat and Jie Yi Lee argue that DLT's high-profile failures don't mean the technology is dead. Now that the hype has died down, the path is cleared for more measured decisions about DLT’s applications.

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