48
52
59
62
67
72
82
78
Swaps: The
equivalence debate
As US regulators finally agree a swap
execution facility equivalence deal with
the European Commission, we investigate
the impacts for markets and institutions
navigating the new trading environment.
MIFID II
FOCUS
The MiFID II Checklist
event: Problems solved
Dark pool caps to
hit the less liquid
Limiting dark trading options will
see trading in less liquid stocks
taking the biggest impact.
FX: More exposed to MiFID
II than you thought
Transaction cost analysis is finally gaining
traction in the forex market, driven by
best execution requirements, but there is
still confusion over exactly what must be
reported under MiFID II.
SURVEY
The 2017 APAC Algorithmic
Trading Survey
This year could mark the shift when Asia goes
from being viewed as a developing market
for electronic trading to being a leader.
FINAL
THOUGHTS
Trends for 2018
MiFID II, blockchain, artificial intelligence,
data, systematic internalisers,
political uncertainty, bitcoin…get
ready for 2018 with our guide to the
biggest trends for the New Year.
Hayley’s Comment
The Fixed Income Leaders Summit in
the beautiful city of Amsterdam
this year played host to some fiery
debates among the buy-side.
DATA
Fragmentation in Europe
LiquidMetrix analyses consolidated
performance figures for stocks on major
European indices and the changes
from the previous quarter.
Go
with
the
flow
Broker crossing networks will bebanned and various
new trading venues areentering the scene in 2018,
so where the order flow will go and who will be the
winners and losers, asks Hayley McDowell.
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[DEPARTMENT | HED]
Issue54 The TradeNews.com 37
36 The Trade Winter2017
FX: More
exposed to
MiFID II than
you thought
62 The Trade Winter2017
Issue54 The TradeNews.com 63
[MIFIDII|FX]
[MIFIDII|FX]
torsfinallyagreeaswapexecution ivalencedealwiththeEuropean n,SafrazThindinvestigatesthe arketsandinstitutionsnavigating wtradingenvironment.
Issue54 The TradeNews.com 49
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ARTMENT|HED]