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The Trading Mesh

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Systematic Internalisers – Data holds key to challenges and opportunities in MiFID II era

May 4, 2018 by The Realization Group   Comments (0)           

MiFID II broadens the scope of the systematic internaliser (SI) regime, not only to cover more asset classes, but also to apply more stringent rules, with the aim of improving pre-trade transparency and improving price efficiency and client executions. To examine the far-reaching consequences and practical implications for liquidity seekers and providers, against a backdrop of tougher Best Execution requirements, Chris Hall and Mike O’Hara of The Realization Group...

The new buy side toolkit

April 23, 2018 by Trade Informatics   Comments (0)           

From broker and algo wheels to alpha profiling and scorecards, best execution is changing rapidly and traders are enthused by the opportunities ahead
Amidst rising costs, squeezed profit margins and onerous regulations, it might not seem the ideal time to be a buy-side trader, but in fact there may never have been a better time.
That was the optimistic feeling that emerged from a panel discussion hosted by Trade Informatics, Eze Software and Plato Partnership in London on March 20. With...

Blueprint for best execution

April 18, 2018 by Trade Informatics   Comments (0)           

Tools to reduce subjectivity in the selection of brokers and strategies yield new efficiencies and improve performance among asset managers, writes Allan Goldstein of Trade Informatics
It is said that there is more than one way to skin a cat, and in this era of heightened transparency and intense drive to achieve best execution, investment firms should bear this in mind.
From algo wheels and broker wheels to bracketing and scoring of algos and counterparties, there are multiple ways to...

Agility and Ability: Seizing new opportunities in FX

April 13, 2018 by BSO   Comments (0)           

Today’s FX market is almost entirely unrecognisable from the industry it was a mere four or five years ago.
By Michael Ourabah, CEO, BSO
In a very short space of time, we have seen the dominance of tier-one banks effectively challenged by the rise of leading electronic FX network providers such as EBS BrokerTec, Thomson Reuters or FastMatch.
By having established a presence in the key three global FX trading centres – London, New York and Tokyo – and offering low latency...

Three months on, MiFID II gets a mixed report

April 13, 2018 by Trade Informatics   Comments (0)           

After three months, MiFID II still evokes mixed feelings and some components may need to be reviewed, but it has had some positive effects
More than three months have passed since MiFID II was implemented across Europe, but it is still far from certain that the comprehensive new rulebook is actually improving execution services and transparency for end investors.
At a panel discussion hosted by Trade Informatics, Eze Software and Plato Partnership in London on March 20, representatives of...

Taking the Leap into Asia and Cryptocurrencies: The Future for FX Trading?

April 9, 2018 by The Realization Group   Comments (0)           

As the world’s largest financial market, the ability to swiftly identify and capitalize on key trends in foreign exchange is crucial – which is why the BIS Triennial Central Bank Survey of global FX trading is one of the most significant datasets currently produced for the capital markets. The latest report, published in September 2016, underscored a particularly noteworthy shift for many participants in this space, namely the increase in market share for...

Binance Recent Announcements

April 9, 2018 by Mark Schwarz   Comments (0)           

With a 24-hour trading volume of $1.76 billion, is ranked as the world's largest cryptocurrency exchange. Launched in July 2017, Binance has risen to become one of the most popular exchanges in the world. In recent months, the Hong Kong-based website has dominated both positive and negative news.
On February 8, 2018, Binance made headlines after temporarily shutting down its trading platform for a system upgrade. While it’s normal for any company to launch an upgrade of their...

Addressing the Trans-Atlantic research dilemma

April 4, 2018 by Commcise   Comments (0)           

By Melissa Umans, Director of Business Development, Commcise
Paying US-based broker-dealers for research is not without challenges for UK-based asset managers.
The Challenge:
In Europe, MiFID II requires buy-side firms to pay for research either as a direct payment from their P&L or from a ring-fenced Research Payment Account (RPA). For a US-based broker dealer to accept payments in hard dollars or through MiFID-governed research payment accounts from MiFID-affected...

When Dark Pools Go Dark

April 4, 2018 by Ollie Cadman   Comments (0)           

By Ollie Cadman, Head of Business Operations Vela
Trading volume is rapidly shifting from dark pools to block trading venues under MiFID II, so market participants need technology to access multiple platforms.
It is less than three months since the recast Markets in Financial Instruments Directive (MiFID II) came into effect and European markets are already changing. New block trading venues that had been slowly ramping up in recent years have now been fully unleashed, gaining traction as...

MiFID II: Illuminating the Dark

March 29, 2018 by Denver Currie   Comments (0)           

By Denver Currie
Product Manager Vela

MiFID II is already more than two months old, but while Systematic Internalisers (SIs) and Approved Publication Arrangements (APAs) create a framework to improve transparency, firms need the right technology to navigate the post January 3rd marketplace.
Two months on from the implementation of the second Markets in Financial Instruments Directive (MiFID II), it seems a good time to pause and take stock of the new regime. This was one of the most...