XTX Markets joins Virtu Financial, Sun Trading and SSW Market Making as liquidity providers on Instinet’s SI aggregator platform.
Tag: Systematic Internalisers
As the industry continues to adapt following the implementation of MiFID II, Hayley McDowell sits down with Ben Springett from Jefferies, Matthew McLoughlin of Liontrust & Jonathan Finney from Citadel Securities, to discuss how the buy-side and brokers are interacting with market maker systematic internalisers.
XTX Markets will operate its European equities systematic internaliser out of the new Paris office.
The RTS 27 Now tool for MiFID II will help banks considered to be SIs meet the December reporting deadline.
Virtu Financial CEO Doug Cifu outlines growth of its systematic internaliser and targets further growth of the service in Europe.
Research found that around half a billion euros is traded a day on systematic internalisers operated by electronic liquidity providers.
SI calculations for derivatives will now be published on 1 February 2019 as ESMA blames incomplete and insufficient data.
ESMA chair Steven Maijoor says watchdog is carrying out a ‘fact-finding’ exercise on periodic auctions and highlights competitive advantage for SIs.
Only 26% of traders believe dark liquidity will shift towards lit venues under MiFID II regime in Europe.