A Shot in the Dark
This week saw the announcement that six brokers are going to publish their dark pool volumes in a bid to improve transparency of non-lit trading in Europe. The report is published by Markit and is available here. Whilst the six firms involved should be applauded for taking these first steps towards greater transparency, the announcement still leaves a few questions unanswered. Firstly, not all the big boys are playing – notable by its absence is Goldman Sachs and it will... Read More
Liquid Refreshment
Firstly, thanks to Olof Neiglick and the Burgundy team for hosting an enlightening seminar on the state of liquidity fragmentation in the Nordics earlier this week. The sessions included presentations from brokers, vendors and clearers and helped highlight a number of issues facing the broking community as a whole and particularly in terms of dealing with fragmented liquidity. The first point is that, in terms of SOR, it’s now a question of “how” to implement... Read More
