The Trade - Issue 54 Winter 2017

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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.