The TRADE 60 | Page 5

[ C O N T E N T S ] INDUSTRY INTERVIEW Alison Hollingshead 42 James Baugh 56 Chief of staff for trading platform & core tech at man Group, Alison Hollingshead talks to The TRADE about how the firm is approaching the issue of diversity. The TRADE talks to James Baugh, head of market structure at Citi, about the impact of MiFID II on the European market structure and what may be in store for the future. MARKET REVIEW TIMELINE The first 500 days of MiFID II The TRADE presents a comprehensive timeline of the major incidents, statistics and talking points that have occurred during the first 500 days of the MiFID II regulatory regime, a milestone that occurred on 18 May 2019, including data delays, the rise of periodic auctions and systematic internalisers, and inevitable demands. IN-DEPTH Outsourced trading: The future of the buy-side desks? 34 48 With an increasing number of buy-side firms turning to outsourced trading providers in recent years, Hayley McDowell finds out how providers really operate and differ from agency brokers, and examines what benefits opting for outsourced execution can offer to the asset management industry. Embracing artificial intelligence for the buy-side The increasing use of artificial intelligence and machine learning systems among buy-side firms is in danger of creating a hype bubble – The TRADE examines where asset managers are currently using these technologies to optimise their trading strategies and what pitfalls firms must avoid to (eventually) foster a harmonious trading between man and machine. The fixed income desk in 68 2019 Chris Hall talks to four leading fixed income heads of trading desks around the world to gauge the state of the fixed income markets in 2019, the biggest opportunities and challenges for asset managers, how the relationship with the sell-side and vendors has evolved, and what new skills are required on a successful desk. SURVEY The 2019 Algorithmic Trading 85 Survey Brokers are stepping up to the plate in the post-MIFID II landscape to provide consistent execution to clients, finds the second part of this year’s survey. 62 FINAL THOUGHTS Hayley’s Comment 98 Senior reporter Hayley McDowell on Facebook’s entrance into the financial markets Issue 60 // TheTradeNews.com // 5