A transatlantic group of researchers has examined a treasure trove of market data to see whether or not high-frequency trading is a necessary component of today’s market structure. The answer is largely ‘yes,’ but with caveats.
Market participants say they want a high-quality, centralized source of market data for EU equities. But who and what is it actually for?
What do Liquidnet and Trading Technologies (and others) have in common? Anthony explains. He also discusses advancement—and disillusionment—in the quantum space.
The Investors Exchange is now looking to propose a second new order type for NBBO non-mid liquidity.
With regulators slow to answer industry questions relating to how a CT should be built and what it's for, development has slowed.
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.
The last decade has seen Euronext chewed up and spun out following a series of mergers & acquisitions. Once again independent, Courbebaisse is writing the exchange’s IT roadmap.
IEX’s John Ramsay joins to talk about the SEC’s proposed Transaction Fee Pilot and why he thinks it should move forward.
A look at the massive tech projects (and legal battles) underway at the NYSE, which are being led by Stacey Cunningham.
While the large-scale exchange mergers of yesteryear may be over for now, regional bourses are still finding themselves in the M&A crosshairs. Yet for those operators that pick up smaller rivals, technology and data integration often prove to be trickier…
An industry initiative to start a new US exchange promises much, but it may struggle to deliver without a clearer purpose.
Nearly one year on from the fundamental changes to Europe’s trading rulebook brought about by Mifid II, its overall impact is still unclear. Although experts talk of greater transparency in the markets, it’s had its share of issues, some of which are…
With the UK preparing to leave the EU in March, regulators have a limited amount of time to figure out how to keep the flow of information going between each other post-Brexit—and the window is closing.
Waters examines some of the most important events in financial technology of the past 25 years.
The story of how the double volume cap began is just as important as what's happened in 2018.
FCA report find that growth in periodic auction trading is not a result of dark-trading bans.
Identifying what constitutes true trading activity and addressable liquidity is key to analyzing the success of market reform, experts say.
After some questioned ESMA's resolve, the regulator is stepping up its enforcement efforts. Max reviews how ESMA wants market participants to know that its bite can be worse than its bark.
Esma has released the first figures to support Mifid II’s caps on the percentage of equities trading that can be transacted on dark pools. However, critics warn that although the delay has given Esma more time to validate data and clean up queries, the…
European regulator sends a message to the market that Mifid II will be enforced with this data release, experts say.
Updated trading rules to have significant impact across all asset classes.
John takes a look at some of 2017's key trends, including regulation, cybersecurity and artificial intelligence.
Waters runs through the key facts you need to know about Mifid II, GDPR, BMR and Brexit.
The tone at this year's Esma conference was a little too positive when it came to Mifid II says John.