Author - Mark Montgomery

Royal Dutch Shell – is the party over?

Is the fun about to come to an end for those trying to optimise (and capitalise on) their interaction with one of the most heavily traded equities in Europe?  It has to be one of our favourite stocks for the complexity it presents for equity exposure to a single organisation....

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How fast is the market? Do some traders have an advantage over others... and does it matter?

How fast is the market?

Do some traders have an advantage over others... and does it matter? How fast are equity markets? Or how much of the market operates at high speed? big xyt took an electron microscope to our normalised market data to find out.   We analysed UK lit markets to measure the time between...

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ESG ETF trends

Greenwashing disinformation disseminated by an organisation so as to present an environmentally responsible public image. "while they can be useful, these sorts of standards are sometimes used quite cynically—as corporate greenwash" There is a difference between what people say and what they do. Companies are realising the importance of actions speaking...

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When is a Block not a Block

When is a Block not a Block?

In the search for liquidity, particularly whilst minimising market impact, a means to identify large trades and where they take place is key for the investing community. The regulatory changes in MiFIDII introduced the concept of Large In Scale (LIS). No, not not a post-Brexit way to limit fishing quotas,...

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New dark matter map reveals cosmic mystery

New dark pools map reveals cosmic mystery

We’re not too sure what all the excitement is about... at big xyt we have been researching the changing shape of the dark landscape for years. In fact, rather like long established theories, on the face of it European dark trading volumes have remained relatively steady. Our team of curious...

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Wales Stock Exchange

Wales to introduce independent stock exchange

Academics from Brains Trust predict market launch will quench investors’ thirst for trading to stay local. (Special note: this was an April Fool's Day post) Flushed with success from the Six Nations Championship a new stock market is being proposed for Welsh investment in Welsh companies.  Behind the initiative is the recently...

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Swiss movement – the pendulum swings

Those of you who keep a close eye on market microstructure will be well aware of a dress rehearsal for “non equivalence” in July 2018 when all Swiss trading was banned on competing venues. Overnight the primary SIX exchange was responsible for 98.8% of turnover in the top 20...

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MTF migration to EU venues… what happened after Brexit?

There was always bound to be some post Brexit ‘fallout’. Unsurprisingly there was plenty of market commentary last week, however we wanted to wait for the dust to settle before we made any of our own observations. You will find it reassuring to know that your suspicions are correct. We...

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