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.
Trading As we’ve learned from previous blogs, there’s an opportunity to leverage growing commonalities between the equities and foreign exchange markets into a more streamlined approach to trading and by extension the use of a single trading platform for both market. But what’s the best approach to migrating from discrete set-ups for the two segments to […] February 13, 2019
Trading The convergence of structure and behaviors of the equities and FX markets presents opportunities for those firms that identify them and can focus on how best to exploit them. At the heart of what’s needed is a cross-asset trading system that incorporates the same functionality components across both asset classes while still supporting the asset-class-specific […] January 29, 2019
Trading As discussed in an earlier blog post, convergence of equities and FX markets is spurring some institutions to merge their respective trading operations so as to enjoy economies and leverage successful activities across both asset classes. But for firms taking this route, there are significant challenges. Despite the convergence of FX and equities markets, there […] January 14, 2019
Risk & Compliance MiFID II posed a significant number of challenges for trading firms across Europe, but its regulatory impact has perhaps not been as dramatic as many had anticipated. Although many analysts predicted the imminent failure of smaller market players and potentially serious consequences for firms undertaking systematic internalization, the regulation came into play without creating quite […] January 7, 2019
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