12 Days of Trading 2023 Day 2: Market structure for guests around the table

At this indulgent time of the year we’re all hungry (and thirsty) for market structure knowledge as well as a festive tipple. So here’s our guide to merry market mechanisms.

Share
The proposed tape will show the best price but NOT which venue has it…

Imagine, after many years of demand, someone creates the concept of an airline price comparison site to help the population find the cheapest flight more easily. It would include prices for the best flights between cities on the map. That would be a welcome introduction. However, what if the national governments insisted that the site would only be allowed if the names of the airlines were not disclosed?

Share
Beehavioural science is revealing emotional bias of trading

Level fhive data discovery creates buzz in the market, providing new trading insights. One benefit of lockdownand the recent trend towards reestablishing conditions to encourage bio diversity has been the resurgent bee population to the delight of environmentalists and honey lovers alike.

Share
12 Days of Trading 2022 Day 12: Rockin’ around the big xy Tree – Merry Christmas and Happy Holidays to all

With his circumnavigation complete, Father Christmas has earned some rest and recuperation, as have all of you after a year of challenges and surprises. Looking back over the last five years of this campaign, we thought it would be fun and perhaps of interest to reintroduce an old favourite - the big xy Tree.

Share
12 Days of Trading 2022 Day 10: Santa’s got it taped

​​Father Christmas has continued his journey west and is now on the final leg of his deliveries. Like Vespucci, Columbus et. al. (Jolson, Capone, Pacino?) he is keen to learn more about this great continent before him.

Share
12 Days of Trading 2022 Day 8: RFQs… everyone’s favourite

​​RFQs - Ready for Quality Street…… Roses, Celebrations or whatever the contents might be in the festive family bowl of chocolates?  One thing is for sure, there’ll be some variety at the bottom which lie there having left a bad taste in the mouth.

Share
12 Days of Trading 2022 Day 6: Does Santa have a Czech mate?

Of course, Santa has plenty of friends and it looks like some people in the market have some pals in Prague as the dark caps are looking to be relaxed (if not abolished) under the Czech presidency. The restrictions around Systematic Internaliser trading could also be eased. Given the proposed changes mentioned this week, we take a look at how DVC and SI activity has changed over time, which may help us anticipate what to expect next. But hold on, it just occurred to us that this actually has a lot in common with a practice in equity markets. Managing index constituents during a rebalance with a target benchmark of the Closing Price. 

Share
12 Days of Trading 2022 Day 5: Ho Ho O…TC volumes bring seasonal rewards for some

Father Christmas may not have target benchmarks or KPIs but he does have to manage and deliver all the presents to the correct recipients by the end of the day.  But hold on, it just occurred to us that this actually has a lot in common with a practice in equity markets. Managing index constituents during a rebalance with a target benchmark of the Closing Price. 

Share
12 Days of Trading 2022 Day 3: Look what’s in the (penalty) box

Over the weekend Santa stopped off in Qatar to watch the World Cup quarter finals (even though it was really a business trip, it was also a good excuse for a jolly).  Like the rest of us, he was drawn into the drama as penalties proved to be critical in three out of four matches.

Share
12 Days of Trading 2022 Day 2: Some people in Japan have larger presents (presence)

If there’s one thing Father Christmas takes into consideration when it comes to presents, it’s fairness. Mrs Claus insists that siblings should always have the same amount of money spent on them - but what if one gift was discounted on Black Friday in Lapland? Is it price or value that matters? 

Share