Panel: European Market Will Consolidate
"It's going to be interesting to see who is going to survive. And I think consolidation is going to happen very quickly," says Steven Wood, global head of trading at global asset management firm Schroders, who spoke at an event hosted by Mifid think tank JWG-IT last week.
The number of multilateral trading facilities (MTFs) will be reduced to two or three, says Wood. "I think dark pools of liquidity are still going to be there. ... But who gets access to those? People who have technology," he
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