Arguing about Twitter is a waste of time
There have been various arguments about Twitter in the last few months and whether the alerts tool is useful or not. I started one debate a while ago and now there is another one (maybe). First, let me set the record straight before folks think I'm a puritanically obsessed Twitterati. At a personal level, I…
MTFs versus Incumbent Exchanges, Round Two
As mentioned yesterday Andrew Silverman, Managing Director Electronic Trading for Morgan Stanley, chaired the second day session’s at TradeTech with a great dialogue about attracting liquidity between the new exchanges, the Multilateral Trading Facilities (MTFs) created by the Markets in Financial Instruments Directive (MiFID), and the incumbents. This led to a second discussion of the…
MTFs versus Incumbent Exchanges, Round One
There were two more great discussions during TradeTech that compared and contrasted the incumbents with the new MTFs. The first focused upon attracting liquidity and what that means; the second on the likely view for the future of trading venues. The first discussion was a debate amongst a panel comprising: Hirander Misra, COO, Chi-X Europe;…
Order routers not providing Best Execution
I said my favorite presentation was Mark Howarth’s yesterday because my favorite subject is the new alternative exchanges – the Multilateral Trading Facilities (MTFs) – that have emerged in Europe as a result of the Markets in Financial Instruments (MiFID) implementation. Chi-x began trading two years ago, soon to be followed by Turquoise, BATS, NASDAQ…
Order routers not providing Best Execution
I said my favorite presentation was Mark Howarth’s yesterday because my favorite subject is the new alternative exchanges – the Multilateral Trading Facilities (MTFs) – that have emerged in Europe as a result of the Markets in Financial Instruments (MiFID) implementation. Chi-x began trading two years ago, soon to be followed by Turquoise, BATS, NASDAQ…
Order routers not providing Best Execution
I said my favorite presentation was Mark Howarth’s yesterday because my favorite subject is the new alternative exchanges – the Multilateral Trading Facilities (MTFs) – that have emerged in Europe as a result of the Markets in Financial Instruments (MiFID) implementation. Chi-x began trading two years ago, soon to be followed by Turquoise, BATS, NASDAQ…
FSA Liquidity Reporting to cost up to £2 billion
Just received an interesting note from PJ Di Giammarino, Chair of our Capital Markets Chamber (who meet this Thursday**) and building on his comments from last week. He’s been looking through the lines of the FSA’s latest “Strengthening Liquidity Standards 2”, which we debated last month, and finds that Chapter Seven suggests that the 661…






















