In the months following the implementation of MiFID II, we have seen and will continue to see a number of Systematic Internalisers (SIs) appear on the market – some of their own volition, some following ESMA’s publication of benchmark data and thresholds. What we have seen is that many of these SIs started off by just barely complying with the rules, finding often sub-optimal workarounds to conduct their business as usual. But now that the dust has settled, we expect to enter into a much more interesting phase, where existing SIs and firms entering the SI space actually start to leverage technology to improve workflows, increase automation, and ultimately create more business value for themselves and their customers.
Jonas Lindqvist, Principal Trading and Trade Execution at Itiviti, explains more in the latest video episode of our SI series.
Execution Change is nothing new in trading. Since the millennium, sell-side brokers have had to ride waves of transformation in regulation, market structure, technology and economic fundamentals. Survival and success have depended on adaptability and timely adjustment to these increasingly complex market circumstances in terms of organization, business models and technology. The financial crisis of 2008 […] December 10, 2018
FIX Infrastructure End-to-end testing of trading environments is essential for financial services firms today – yet it can seem daunting to implement these complex systems, especially if it involves an overarching overhaul of existing point or legacy solutions. Taking a step-by-step approach can break this down into a more manageable process, while the resulting benefits have the […] December 3, 2018
Trading The shifts over the past decade in the structure of the flow FX and equities markets have driven a convergence of the two markets. As a result of these shifts, participants across both asset classes often face similar market structures and matching methodologies, in both cases spread across a diverse set of trading venues. It’s […] November 27, 2018
FIX Infrastructure It goes without saying that it’s imperative for trading technologists to thoroughly test their systems before the put them in a production environment. Clearly, building a market-beating trading platform requires a high level of uptime and a propensity for failure that’s as close to zero as possible. And for years technologists have used a range […] November 5, 2018
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