London--Nigel Foster, E-Crossnet’s CEO, says that his company could start to act for the investment community by speaking to brokers and vendors regarding electronic connectivity.
Foster says that for half of E-Crossnet’s clients, their link to E-Crossnet is the only part of their trading that is electronic. And of the crossing that takes place on the network, less than one-fifth comes from order management systems via FIX.
The rest is through Bloomberg via manual entry or spreadsheet upload.
It’s a trio of problems: Mifid II’s data problem; blockchain projects stalled; and data quality issues for machine learning.Subscribe to Weekly Wrap emails