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

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.

Related content

WEBINAR

Recorded Webinar: Developing operational resilience

Financial institutions’ operational resilience – essentially the ability to prevent, adapt and respond to, and recover and learn from operational disruptions – has come under extreme pressure during the coronavirus pandemic, with last year’s March lockdown creating unprecedented circumstances for financial firms. Employees working from home raised the stakes, as they still do, adding to...

BLOG

Low-Code: The New Standard for Sell-Side Fixed Income Desks

By Vuk Magdelinic, CEO of Overbond. Low-code programming isn’t coming — it’s already here. And 2021 is the Year of Low-Code, according to IT publications such as SD Times and TechRepublic. “The worldwide low-code development technologies market is projected to total $13.8 billion in 2021, an increase of 22.6% from 2020,” according to the latest forecast by Gartner. The...

EVENT

LIVE Briefing: ESG Data Management – A Strategic Imperative

This breakfast briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...