Trading Places

Posted by Steve Grob on February 27, 2009 · Leave a Comment 

Few can have missed the news that Peter Randall will be leaving Chi-X. Whatever the reasons for his departure, Peter has proven that it really is possible to break the mould in our industry and he should be credited with this achievement. He has always been able to talk about MiFID and fragmentation in an entertaining way and backs up his colourful analogies with hard statistics. Given that Chi-X has been one of the most successful MTFs so far, it’s curious to read that... Read More

Filed under Dark pools Europe Lit venues

A View from Turquoise

Posted by Steve Grob on February 17, 2009 · Leave a Comment 

Thanks to Eli Lederman, CEO of Turquoise, for responding to my recent entry (The Big Bang Theory). With his permission I have included his comments below: “A little confused…Turquoise cut its fees because we can: we operate a diversified (and diversifying) business with an integrated lit and dark market. Seems to be what, in the next paragraph, you characterize as “the other end of the spectrum” with NYSE Euronext Arca Octopus MTF. Our MTF is different from Bats and... Read More

Filed under Dark pools Europe Lit venues

European Top Twenty

Posted by Steve Grob on February 10, 2009 · Leave a Comment 

I was visiting our American cousins in NY last week, but it was great to see the new weekly format FFI and the spangly “Top of the Pops” style list of the most fragmented stocks across Europe. It’s interesting to note that 15 of the top 20 are London based, although you can see from the graphs that fragmentation in mainland Europe seems to be accelerating too. Anyway, thanks to the guys at Fidessa labs for a such a quick turnaround on these improvements. I was also looking... Read More

Filed under Europe Lit venues

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