Author - Richard Hills

Microbites #2 – What and Who Are MTFs?

In our second episode on the European market structure landscape, we describe the grandly named “Multilateral Trading Facilities” (MTFs) and compare them to the better known national stock exchanges. View the article here.

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12 Days of Trading - Day 4

12 Days of Trading – Day 4 of 12: They might be giants

As it’s nearly Christmas, it will soon be time to wrap up the volumes-related theme we have been following these first few episodes of the 12 Days of Trading.  First though, let's take a look at how the monsters of European trading fared in 2020. The first chart was inspired...

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Increasing volumes point to favour with investors

A sudden recovery in trading volumes in the energy sector is just what we would have expected from the news of the vaccine last week, and it’s in line with the broader market. The news may only be a light on the horizon, but a return to normal levels of...

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European Equities – Market Microstructure Survey Q3 2020

A Comprehensive Review of Market Volumes, Fragmentation and Other Topics. by Richard Hills, big xyt It hasn't been a good quarter for the European Equity Market. In nearly every country, we've seen record lows for volumes throughout the summer. August delivered the slowest month for trading since the MiFID2...

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Liquidity Intelligence: Ranking venues for larger trades

by Khalil Dayri, big xyt Having a good understanding of how to select a venue when executing a large trade is essential for successful performance. There are many venues to consider and each venue has its own "sweet spot", depending on the names and size traded and that varies...

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