SunGard Global Trading. Regulations are reshaping the trading landscape, from the shift of OTC derivatives towards electronic trading to MiFID II’s proposal for a consolidated ticker. At the same time, liquidity is fragmenting, and clients are demanding new ways to trade. The largest sell-side firms, for example, still need to offer a broad, global network of exchange connectivity that includes emerging markets, as well as provide direct market access and services around different asset classes. But multiple systems with ad-hoc connections and complex workflows increase costs and hide risks. To be competitive in today’s trading environment, you need to be first to new market opportunities and be able to cost-effectively execute trades across multiple platforms, instruments and geographies.
Automation has become a critical tool, especially for order management and trading processes. Firms are also outsourcing certain functions to third parties and deploying the software as a service (SaaS) model. SunGard launched sponsored access. TABB Group. Fidessa group plc © Fragmentation Index » Blog Archive » The Luck of the Irish – 27. Looks like it’s Ireland’s turn to run the gauntlet with the MTF community. Pretty much all the MTFs – Chi-X, BATS, NASDAQ OMX Europe and Turquoise – have announced that they will be trading Irish stocks from now on. For this reason we have now included the Irish Stock Exchange (ISE) and its accompanying index (ISEQ) on the FFI website. A quick look revealed that many Irish stocks are in fact traded on the LSE and so Dublin’s market share of its main index is less than 30 percent already.
This is a good pointer to the decoupling that is occurring between indices and their parent exchanges. As this process continues, country-specific indices may become less relevant as we are all increasingly forced to adopt a more pan-European perspective. I guess when this has happened you could say that MiFID will have done its job in terms of breaking down the national monopolies in equities trading across Europe.
Thomson Reuters. Finextra Research: latest financial technology news, analysis, j. Murex.