About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Talking Intelligent Trading with Andrew Delaney: The European Question

Subscribe to our newsletter

The marketplace is whirring with great minds turning their attention to what the latest ESMA rules for MiFID II actually mean. We’re not sure anyone has completely figured that out yet, but we’ll be watching closely as we’re embroiled in a number of projects that are impacted to various degrees by the latest ESMA utterances, which emerged earlier this week.

Our early assessment is that, once all is said and done with MiFID II, the base trading landscape across the EU will more closely resemble that in the US. Indeed, I’m heading to New York next week to co-host a breakfast seminar with Interxion and McKay Brothers at which we’ll make the case that Europe should feature in US prop trader/market-makers’ trading strategies.

Without stealing my own thunder, our research indicates that MiFID II’s emphasis on transparency and market integrity will go some way toward creating a homogenous European trading environment. At the same time, nuances across individual markets, market centres and asset classes – as well as the kind of volatility you’d expect in a market serving a population of some 500 million – create opportunities for profit.

Meanwhile, the lack of a consolidated order book – even under MiFID II – creates the need for firms to aggregate their own, making the choice of collocation partner. With the emergence of new microwave and milliwave connections, particularly in and around London and out to Frankfurt, a Central London base is becoming more compelling.

If you’re interested in hearing more, get in touch and we’ll try to squeeze you in to our seminar, which is next Friday October 9. If you can’t make it, don’t fret as we’ll be putting out a paper around this topic very soon.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: A practical guide to dual UK and EU regulatory reporting as the Temporary Permission Regime comes to a close

Date: 19 July 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The Temporary Permission Regime (TPR) allowing capital markets participants in the European Economic Area (EEA) to continue to operate in the UK post Brexit will be withdrawn by the end of 2023, calling on firms that want to stay...

BLOG

Exegy Sees ‘Tectonic Shift’ as Sales Jump 50% due to Pandemic Volatility and ‘Retail Revolution’

Following its May 2021 merger with Vela Trading Systems, high-performance market data and trading technology specialist Exegy Inc. says a ‘tectonic shift’ in the marketplace is driving demand for its expanded portfolio of solutions. Among the factors now triggering investments in new data and trading technologies are the leap in volatility sparked by the global...

EVENT

Data Management Summit New York

Now in its 12th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...