[ C O N T E N T S ]
IN-DEPTH
Request for quote in
equities: Under the hood
As two major trading venues launch
request for quote (RFQ) models for
equities trading, Hayley McDowell
delves into the specifications of each
RFQ systems, and after speaking
to sceptical senior buy-siders, finds
that the venues could face significant
barriers to market-wide adoption.
The ELP SI debate
As the industry continues to adapt
following the implementation of
MiFID II, Hayley McDowell sits down
with Ben Springett from Jefferies,
Matthew McLoughlin of Liontrust Asset
Management, and Jonathan Finney from
Citadel Securities, to discuss how the
buy-side and brokers are interacting with
market maker systematic internalisers.
58
INTERVIEWS
69
MARKET
REVIEW
Wall Street goes to war
on market data and access
A roundtable hosted by the SEC with
high-profile market participants
highlighted just how divided Wall Street
and regulated exchanges are on the issue
of market data and access to exchanges.
What to expect from 2019
The TRADE canvassed a range of
cross-industry participants to find
out what they believe will be top of
the agenda for the coming year.
40
Jos Dijsselhof, SIX 82
The chief executive of Dash Financial,
Peter Maragos, on targeting growth in the
US equities market and his views on the
importance of order routing transparency,
as well as the rebate debate.
Jos Djisselhof details how the first year
of his stewardship of SIX has played
out, reorganising the business and
why the SIX Digital Exchange could
be a gamechanger for the industry.
FINAL
THOUGHTS
42
42
Peter Maragos,
Dash Financial
Hayley’s Comment
Senior reporter Hayley McDowell examines
ESMA’s investigations into periodic
auctions and asks what it could mean
for the future of trading post-MiFID II.
98
Issue 58 // TheTradeNews.com // 5