TAG, as an independent best execution measurement specialist, has met almost all participants: regulated markets, new MTFs, brokers, buysides, and data feed providers and regulators, and welcomes the opportunity to bring its vision of this newly fragmented landscape.
Charlotte Crosswell, president of NASDAQ OMX Europe talks to Best Execution and outlines her plans to crack the European market.
Execution Venues >> The London Stock Exchange’s failure to trade for much of the day on 8 September frustrated market participants, but also exposed their weak spots.
(photo: Frédéric Ponzo, NET2S)
Features
Stepping up to the plate >> BATS Trading has made a name for itself in the US by stealing the primary exchange’s thunder. It is hoping to do the same in Europe. Mark Hemsley talks to Best Execution about the trading platform’s strategy.
The next chapter >> As MiFID passes the one year mark, there is no doubt that the European trading landscape has changed. Lynn Strongin Dodds assesses the impact.
(photo: Artur Fischer, Equiduct Trading)
Regulation & compliance >> Given the magnitude of the financial crisis, a ban of short-selling will just be one of the many responses. Best Execution reports on what to expect.
(photo: Brian Traquair, SunGard)
Lead story
Opinion shaper interview
Market insight >> We assess the damage of the subprime crisis and ask who might emerge as a stronger player?
(photo: Ali Pichvai, Quod Financial.)
Market infrastructure >> Clearing and settlement remains a stumbling block on the European landscape but progress is being made.
(photo: Judith Hardt, FESE)
Trading systems >> Just like every other asset class, commodities have been hit by the financial meltdown.
(photo: Rupen Tanna, Merrill Lynch.)
Cover story - BATS
Viewpoint
Has MiFID helped achieve best execution in current turbulent markets? >> Jerry Lees, head of CA Cheuvreux alternative execution services sheds some light on the subject.
To get a copy of the latest edition click on any photo and send your details
Competing for your order >> Bradley Duke, managing director and head of institutional electronic sales in Europe at Knight explains the ever growing importance of cutting edge smart order routing.
Analysis - provided by TAG
Liquidity Fragmentation and Quality of Execution >> an in-depth analysis of fragmentation focussing on five major European indices and Chi-X and Turquoise. NASDAQ OMX Europe and BATS Trading Europe volumes will be considered in the next issue. June - October 2008.
Low latency >> Pablo Garmon, European business development manager, TAG (Transaction Auditing Group, Inc) Europe explains why latency is such a pressing matter.
