The TRADE sits down with Nicholas Phillips, market structure research analyst at Bloomberg Intelligence (BI), following the publication of BI's 'European institutional equity trading study 2025’ report, to explore Europe’s renewed trading momentum, what to look out for in 2026, and the continued developments in post-trade, dark trading caps, rising bilateral, and more.
The volatility experienced in the first half of 2025, spanning intraday swings and price fluctuations, is expected to become the ‘new normal’ throughout Trump’s administration, according to Bloomberg Intelligence.
Bloomberg Intelligence’s recent report showed that activity across systematic internalisers (SI), off-book on-exchange and over-the-counter (OTC) trading is driving bilateral growth across European markets.
Respondents to Bloomberg Intelligence's new report argued for increased retail to boost liquidity in the region but were opposed to the extension of trading hours.
Events surrounding the demise of the exchange have rocked the digital assets markets, triggering $6 billion of withdrawals in three days and forcing Bitcoin to a two-year low.
Following the recent dismissal of the so called ‘Flash Boys Case’ made against exchanges for favouring high frequency traders, Annabel Smith explores how Michael Lewis’ original novel has shaped the market... and why it drove asset managers to take legal action.