Trading Strategies, Swapping Opinions
What matters to buy-side traders? Simplicity in technology, responsiveness from service providers and, yes, relationships, which, on a scale of one to 10, still rank a 10.
Futures Crossing to Wait
Despite recent changes in the futures market, the futures exchanges shouldn't expect competition any time soon.
Dark Books: The Next Chapter
Two new dark books have been created to link venues and decrease market fragmentation, but will they be the answer the buy side is looking for?
U.S. Market Position Under Attack
Three interesting news pieces came across my desk today: the acquisition of Instinet by Nomura; the development of a Pan-European MiFID-ready exchange; and a story about European exchanges and depositories promising to open up their vertically aligned clearing businesses, prompted by the European Financial Services commissioner, Charlie McCreevy, to promote cross-border clearing and settlement competition, innovation and lowered cost.
The World After MiFID
London-based consultancy LogicaCMG explores the potential impacts of the Markets in Financial Instruments Directive (MiFID) and forecasts three scenarios that may play out in the E.U.'s capital markets over the next five years