The TRADE 68 - Q2 2021 | Page 5

[ CONTENTS C O N T E N T S ]
IN DEPTH
TP ICAP & Liquidnet : the growth deal
Following the $ 700 million acquisition of institutional trading network and dark pool operator Liquidnet by TP
ICAP , Hayley McDowell sits down with TP ICAP ’ s group head of strategy , Joanna Nader , and CEO of agency execution , John Ruskin , to investigate the merger .
Is the crypto market still too Wild West for the traditional buy-side ?
As more major institutions continue to enter the digital asset space , Annabel Smith explores whether appetite from the traditional buy-side to engage with the crypto market is increasing .
The two-strong trading team
Head of trading , Alex Roselló , and equity trader , Gustavo Iglesias , at Bestinver , tell Hayley McDowell about adapting to a surge in trading volumes following the Spanish asset manager ’ s acquisition of Fidentiis , and the challenges that Brexit has posed for
European buy-side firms .
34
41
50
Farewell open outcry
Following the decision by US derivatives exchange group CME to permanently close its open outcry trading pits , Annabel Smith looks at the history of trading floors in
Chicago .
SURVEY
The TRADE ’ s 2021 Algorithmic Trading
Survey - Hedge funds
Results from The TRADE ’ s 2021 Algorithmic Trading Survey revealed that hedge funds are relying more on algorithms to trade the majority of their portfolios , with dark liquidity seeking strategies the most popular .
FINAL THOUGHTS
The UK ’ s chance to define Europe ’ s best execution blueprint
As the FCA proposes scrapping RTS 27 and RTS 28 requirements , the UK now has a chance to create a reporting regime that better suits the buy-side , writes European market structure analyst at Rosenblatt Securities , Anish Puaar .
56
63
86
Issue 68 // thetradenews . com // 5