Global head of systematic trading and market structure at US firm throws doubt on systematic internalisers and periodic auctions.
Tag: Broker crossing networks
Broker crossing networks will be banned and various new trading venues are entering the scene in 2018, so where the order flow will go and who will be the winners and losers, asks Hayley McDowell.
MiFID II will ban broker crossing networks leaving a ‘big hole’ in liquidity.
ESMA outlines details of MiFID II’s systematic internaliser rules in latest Q&A.