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.


www.tagaudit.com

Taking it to the next level >> New CEO Alasdair Haynes will not allow Chi-X Europe to rest on its laurels as Europe’s leading MTF.

Data Management >> Co-location

The terms co-location and proximity services are popular buzzwords but their meanings can be unclear. We go behind the hype.


(photo: Eric Schwartz, Equinix

Features


The gloves are off >> The trading landscape may be changing but Xavier Rolet explains why the LSE will be one of the main contenders.


Changing of the guard >> Consolidation always seems to on the cards in the exchange space but the incumbents are fighting back to protect their turf.


(photo: Per Lovén, Liquidnet)

Market Viewpoint >> The end of an era?

Once again the death knell for London as a leading financial centre is being rung, but forecasts of its demise may be premature.


(photo: Mike Hamm, FERNBACH)

Lead story >> Execution venues

Opinion shaper interviews

Market Infrastructure >> Algo trading. As the industry moves towards multi-asset trading, it is no surprise that algorithms are keeping pace.


(photo: Joe Wald, Knight Direct)

TCA >> The next generation

Just as the latest wave of TCA tools has gained traction, the industry is looking to develop the next batch. What gaps need to be filled?


(photo: Paul Squires, AXA IM)

London Stock Exchange

Guide to Low Latency 2010

The Best Execution 2010 Guide to Low Latency Despite the financial crisis, many buy and sellside firms have dug deep into their IT pockets and invested in latency management systems. Against this background, the second edition of our Guide to Low Latency tracks the developments, trends and issues in the ever-changing technological landscape. Copies may be purchased on request (at £45 per copy) - click image.

Analysis - provided by TAG

Liquidity Fragmentation and Quality of Execution >> an in-depth analysis of fragmentation focussing on five major European indices, Chi-X, Turquoise, NASDAQ OMX Europe and BATS Trading Europe. March 2009 - February 2010.

Changing content >> Mike Powell, global head of enterprise information at Thomson Reuters assesses the latest industry trends and explains how the company is responding.

Market Opinion

Bob McDowall, TowerGroup >>

High Frequency Trading (HFT): what is its destiny? Bob McDowall explores its future.

Viewpoint

Too big to... serve our customers >> Jerry Brunton, BT’s global banking & financial markets’ marketing director, finds the recipe for a sustainable business model for the global financial sector in a restaurant – and why not?

Anthony Kirby, Ernst & Young >> Risk management always rises to the fore in times of crisis. Anthony Kirby, regulation and risk management director at Ernst & Young, outlines the risks firms need to be assessing and the frameworks required.

Pablo Garmon, European business development manager, TAG Europe, assesses use of Smart Order Routers on Europe’s MTFs.

Equity market structure under the microscope >> Owain Self, Managing Director, Head of UBS Algorithmic Trading, Americas & EMEA examines the balance of transparency and competition.

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