of print, still waiting to hear the final outcome of the
implementation of the tick size regime as well as
calibrations to periodic auctions. It is no secret that
LIS venues are doing well. The below illustrates the
rationale as to why the buy side use block trading.
These poll responses were sent by 44 senior, heads
and global heads of buy-side trading at the 7 th
annual ATF global summit on the 6 th February 2019.
FIXED INCOME
The buy side articulated that better and more
holistic data solutions is the critical component to
improve fixed income high touch and block
trading. More buy-side traders should
step outside of their comfort zone and
utilise all-to-all trading venues in addition
to bi-lateral arrangements. Subsequently
the buy side will need to adapt similar
pricing tools as the sell side making price
decisions. This is calling for a considerable
behavioural change. The human element
and utilisation of each trader’s time is a
central theme. Smaller and highly liquid
trades need to be automated and the
buy side are increasingly extending their
counterparty network outside of the
traditional liquidity providers to market
makers to optimise their time where it is
Anita Karppi (K&KGC), Ivan Mihov (AxeTrading), Ravi Sawhney
best needed.
(Bloomberg) and Mark Taylor (Liquidnet) at the
7 th annual ATF Global Summit 2019
Spring 2019
www.buysideintel.com
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