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One year after MiFID, where is liquidity going?

Fascinating meeting today on liquidity and where it’s
all going, as I chaired a panel session with Chi-x, Equiduct, Turquoise, NYSE
Euronext and Deutsche Bourse. I was  amused to find that
the LSE was not there, after my comments of the other week and, instead of LSE, Baikal jumped on stage.

Yes, that’s Baikal, the LSE’s dark pool that will launch in Q3 2009
after being pushed back a quarter due to Lehman Brothers, the partner on the
project, collapse.

Anyways, we started with some quiet questions about
how things are looking a year after MiFID and what people are seeing.

The first part was a vote from the audience, with the buy-side saying
that things are far more fragmented and confusing than they ever were, and none
of them trading the bulk of their business through the new exchanges.

liquidity hasn’t moved, has it?

Read more …

About Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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