Focus on informed
decision making
With industry wide efforts to improve
data quality and transparency, the buy
side are now seeking smarter ways to
make more informed decisions across
every asset class. Even the regulatory
experts at the 7 th annual ATF Global
Summit verified their perspectives
that, no information such as the RTS27
should be considered to be excluded from
the scope of improving the buy-side’s
execution arrangements, however it is up
to each buy side to find smarter tools to
be ahead of the game.
For every asset class, the discussion
should start with the quality and
availability of pre-trade, price and volume
data. Then the next step is about the
independent aggregation of such data
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before discussing the various analysis
and visualisation tools. Ultimately each
trading desk will seek hard facts as
supportive justification to their decisions
which often rely on experience and
expertise combined with elements of gut
feel.
From a regulatory perspective, we
received confirmation from the
authorities that the ESMA reference
data repository is not going to fall under
the definition of consolidated tape even
for equities. Transition challenges with
European Parliamentary elections and
Brexit is going to be the priority for the
near future. The market participants
will have to look for commercial data
solutions over the next few years.
www.buysideintel.com
Spring 2019