Natan Tiefenbrun, head of equities at Cboe Europe, and Stephen Fisher, Managing Director, Global Public Policy Group, at BlackRock discuss the European Commission’s proposals for a consolidated tape included as part of the MiFIR review.

Maximilian Dannheimer, head of FX sales at Eurex, and David Holcombe, head of product for listed FX and clearing at 360T, discuss how buy-side firms are increasingly using FX EFPs to leverage the benefits of the listed and OTC markets.

The TRADE speaks with Natan Tiefenbrun, Cboe Europe’s head of equities, and Nick Dutton, chief regulatory officer, about the European Commission’s recently published Capital Markets Union and MiFIR reform package, including proposals for a European consolidated tape.

Although the new Refinitiv Connected Data survey shows that buy-side firms are making more progress on their digital transformation journeys than sell-side firms, the evolution of their market and reference data strategies will require much more work, respondents say.

Director of product research and development for equity and index at Eurex, Stuart Heath, explains the benefits of TRFs and their future role in the market.

We have focused intensively on supporting the market during the pandemic and on promoting important trends that have been reinforced and accelerated by the pandemic, said Eurex chief executive Michael Peters.

Following widespread adoption and an overwhelming response to the Financial Desktop Connectivity and Collaboration Consortium (FDC3), Mitra Roknabadi, VP and global head of marketing at OpenFin writes that this is just the tip of the iceberg.

In a world where physical stock borrowing is becoming ever more expensive for institutions to fund, the CFD is having something of a renaissance.

Reg NMS increased competition in US markets, and improved market quality for large stocks, but it also increased trading complexity. The adoption of such rules in Europe would be complicated and fundamentally change European markets. It would also risk unintended consequences.

The results of this year’s Algo Survey by The TRADE show independent brokers outperforming traditional bulge brokers in almost every category. We caught up with Mike Seigne, head of Execution Services at Redburn, to find out how these relatively small firms are able to outperform their much larger competitors.