We’ll discuss how smart order routers have evolved over three generations since their first appearance in 2007, and why we can expect to see the birth of the fourth generation in 2016.
MiFID II will lead to yet another leap in requirements, both in terms of performance and functionality. The next generation SORs will have to cope with a major shift in market complexity.
The Double Volume Caps introduced with MiFID II are likely to shift liquidity to venues with alternative trading models such as continuous/periodic auctions (such as BATS) and Large in Scale (LIS) venues (such as Turquoise Block Discovery). Some of these new models are already in operation, if yet on a limited scale. As always, new market models rely on networks effects, meaning that they must get a critical mass of users in order to be successful. It is likely that MiFID II will be the catalyst that makes them take flight.
Video Jonas Hansbo, EVP Strategic Research and Chief Strategy Officer at Itiviti, describes current trends in the financial industry and describes how Itiviti’s solutions help market participants stay on top of these developments. April 25, 2017
Video Ilias Dionysopoulos, Director, Head of Global Brokers at Eurobank Equities Investment Firm S.A., explains Eurobank Equities’ decision to partner with Itiviti and stay ahead of the competition with the Catalys by Itiviti FIX engine. April 4, 2017
Video Troels Jensen, Executive Vice President and COO of Itiviti, delves into the company’s product vision: a full spectrum platform for the sell-side industry. March 29, 2017
Video In February 2016, Itiviti was born out of the merger between market leaders Orc, Tbricks and CameronTec. One year on, Lee Griggs – President EMEA at Itiviti – explains how far the company has come and the positive reaction seen from the market in response to Itiviti’s expanded offering for the sell-side. March 27, 2017