A cosy duopoly
While MiFID may have broken up the monopoly of national exchanges, the dominance of BATS Chi-X Europe and primary venues means true competition is still a pipe dream.
Taking the low road?
Trading volumes are falling and natural crosses are hard to find, so what to brokers’ coverage models deliver to the buy-side?
The UK’s Financial Conduct Authority has taken the lead on unbundling commission payments, but international cooperation is needed to truly reform the research market.
TRADE Tech Paris 2014 - issue 2
TRADE Tech Paris 2014 - issue 3