Sell-side race for top spot on buy-side algo wheels with artificial intelligence
Report from TABB Group suggests competition in AI algorithms is heating up, with sell-side firms urged to keep up with new technologies.
Tag: TABB Group
XTX Markets overtakes Citadel Securities and Tower Research as largest ELP SI in Europe
Research from TABB Group found that XTX Markets is now the largest ELP SI in Europe, following record activity across the landscape in October.
Little evidence of closing auctions deteriorating price formation, says AMF
Activity in closing auctions has surged across Europe, but a study from France’s AMF says the concentration of volumes at the end of the day has not affected price formation.
Americas
Research unbundling crosses the Atlantic as US asset managers embrace change
TABB Group report finds large US equity asset managers are increasingly turning to research unbundling for cost savings and focus on best execution.
Equities
Dark trading volumes reach highest level under MiFID II
An analysis from TABB Group has found dark trading volumes are the highest since MiFID II was introduced, despite summer slowdown.
US buy-side commission pool plummets as MiFID II and rise of passive investing bites
TABB Group finds that the buy-side’s US commission pool has declined 42% since 2015.
Buy-side increasingly reliant on conditional orders for US equities
Asset managers turning to conditional orders to source US equity liquidity in increasingly fragmented landscape.
Regulation
Dark pool trading volumes surge to pre-MiFID II levels
Analysis by TABB Group finds that dark pools volumes reached the largest share of on-exchange in April since before MiFID II was implemented.
ELP SIs gain ground with record volumes in February
Market maker-operated systematic internalisers are winning market share now more than a year into the MiFID II regime.
Trading Venues
MEMX: The road ahead
Following news of major US players looking to establish a member-owned equities exchange, industry experts agree the move could prove to be positive for markets, but warn the road ahead for MEMX may be a difficult one.