Infographics
Filter
-
Who are the participants in modern markets?
It has been noted many times over recent weeks and months (not to mention years) that the current market structures are complex and difficult to understand as an outsider.
CONTINUE READING -
Crossing the jargon jungle
The financial services industry is well-known for its complex terminology, incomprehensible to anyone outside the sector – perhaps even to some active in it.
CONTINUE READING -
Dark pools
I was recently interviewed on CNBC about high frequency trading and dark pools in Europe. Steve Sedgwick raised some interesting questions during the interview, which I wanted to address further here.
CONTINUE READING -
Squeezing the middlemen
The need for middlemen in modern market structure has been much discussed since the publication of ‘Flash Boys’. The idea prevailing is that in today’s technological age middlemen are no longer needed to help market participants find each other, and are simply making easy profit at the expense of the little guy.
CONTINUE READING -
Flash boys: a view from the inside
It has certainly been an interesting few weeks for traders around the world: since Michael Lewis’ book “Flash Boys” was published, the financial markets, and high frequency trading in particular, have hardly left the headlines.
CONTINUE READING -
The beauty of co-location
At FIA EPTA, we think objections to co-location most often stem from not understanding what it is and how it benefits the market, or from the mistaken belief that co-location is some kind of ‘special club’ that only certain people get invited to join.
CONTINUE READING -
Misconceptions about algorithmic trading
Today marks the end of my first month as Secretary General for FIA EPTA. In only a month, my eyes have opened to the many misconceptions I see reflected in the media about what our member firms actually do.
CONTINUE READING -
What do the Olympics have in common with securities markets?
I am a very keen follower of ice speed-skating, which is a popular sport in my home country The Netherlands. Over the last few weeks I’ve watched skaters participating in World Cup races to qualify for the Sochi Olympics this week, and it occurs to me that there are some interesting parallels between this very competitive sport and the skills I learned in my career in the securities markets.
CONTINUE READING -
Market liquidity - favouring electronic markets over pit trading
Those who think that the tech race towards electronic trading has led to illiquid markets have forgotten what the world looked like only 15 years ago.
CONTINUE READING -
MiFID - congratulations on your sixth anniversary
It occurred to me recently that there has not been any news coverage of the 6th anniversary of MiFID, which was implemented in Europe on November 1st 2007. The pregnancy of MiFID took many many years: some claim as many as 14. Today we are awaiting a new member of the family: MiFID 2. The exact date of birth is yet to be confirmed, but Father Ferber is warming up the towels as we speak.
CONTINUE READING
