THETRADETECH DA I LY
key takeaways
THE OFFICIAL NEWSPAPER OF TRADETECH 2018
TAKEAWAYS
TradeTech 2018: The key
takeaways
SYSTEMATIC INTERNALISERS, PERIODIC AUCTIONS, ARTIFICIAL INTELLIGENCE, DATA AND DIVERSITY WERE AMONG THE KEY
TALKING POINTS AT THIS YEAR’S CONFERENCE.
T
his year’s TradeTech conference has closed
its doors and the stands have been packed
away, but there was plenty to take away from
all the discussion panels, keynote speeches and
working groups across the two days in Paris.
With the industry now firmly under the thumb
of MiFID II, many attendees were looking
forward to the seeing how the markets have
adapted so far and what needs to be addressed
in terms of technology adoption and market
structure going forward.
Whether you stayed until the bitter end or
were unable to make it Paris this year, here are
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THETRADETECH DAILY
some of the key talking points from this year’s
TradeTech event.
MiFID II has largely won people over but con-
cerns still linger
This year’s conference was the first follow-
ing the introduction of MiFID II and from the
messages being sent out from the panels and
speakers, was that the industry seems to be on
board with the new regulations.
Of course, not everyone is fully on board with
the new landscape just yet. T. Rowe Price’s
Mehmet Kinak didn’t pull any punches during one
panel discussion, labelling the new regulatory
regime “a mess” (see front cover), while Robert
Ophèle, chairman of French regulator the Au-
torité des Marchés Financiers (AMF), said “we are
far from having achieved a satisfactory outcome.
While it is fair to recognise that MiFID II is most
demanding, it should also be recognised that, as
things stand, one must strive to do better.”
The topic of systematic internalisers (SI) also
remains a hot button issue. While SI operators
were keen to extol the virtues of their services
to the buy-side (see page 12), exchange opera-
tors continue to suggest that SIs hold an unfair