Multilateral Trading Facility (MTF) operator Tradeweb has announced the launch of a multi-dealer-to-client platform for exchange-traded funds.
The platform will allow for customers to request ETF price quotes from multiple dealers, and display their responses on-screen. Clients can then allocate to sub-accounts through the trade cycle. The development of the platform is ahead of best execution requirements in the Markets in Financial Instruments Directive (Mifid), as well as pre- and post-trade reporting mandates that will bring ETFs under the same regime as equities.
"Proving best execution is increasingly important for our institutional client base and we expect that this requirement will continue to be a focus in upcoming Mifid II regulations," says Enrico Bruni, head of European markets at Tradeweb. "Electronic trading helps asset managers meet best execution requirements."
Dan DeFrancesco makes his return to the podcast to talk about bitcoin futures and why he wanted to start this podcast in the first place.Subscribe to Weekly Wrap emails