big xyt
• Market Microstructure in Practice with big xyt’s API
For traders and portfolio managers who are navigating the European market structure landscape or want a refresher, big xyt is introducing a series of briefings to help you get to grips with the market mechanisms, and to help users of our analytics tools.
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.
The big xyt Microbites series is for those who are unfamiliar with the European market structure or need a refresher.
In this third episode we look at dark trading in Europe and the unique rules that limit the activity.
We recommend that you read the previous episodes if you are unfamiliar with any of the terms used here.