Please fill out the form below if you are a BUYSIDE trader interested in attending the International TraderForum event. Please note that this a sponsored event and all sponsors will receive contact details for all who register to attend.
If you are a sellside trader and would like to attend, please contact Barbara Baumbusch at email@example.com and Lynn Quealy at firstname.lastname@example.org.
The Rise of European Retail: Lessons From the Boom in Individual Trading and Zero Commissions
Retail execution is a key focus for exchanges and is a rising trend worldwide. Two execution models compete in this space: “improved quotes” and “payment for order flow.” We will decipher the key features of these two approaches by comparing in-depth trades of two European trading venues. Which model provides the greater net benefits for end clients?
Presented by: Paul Besson, Head of Quant Research, Euronext
SIs in Volatile Markets
During the early months of the COVID-19 pandemic, volumes and volatility in European equity markets surged—did electronic liquidity provider systematic internalisers (ELP SIs) play a role? In this session, we examine the volume and market shares of ELP SIs during the first half of 2020 and analyse SI interaction with different types of trading algorithms and their performance in terms of execution quality.
Moderated by: Neil Bond, Former Head Trader, Ardevora Asset Management
• James Osborne, Global Co-Head of Algorithmic Development and Quantitative Research, Virtu Financial
• Rob Boardman, CEO Execution Services, EMEA, Virtu Financial
Trading at the Close: Concentrating or Fragmenting Liquidity?
An increasing proportion of global equity trading is being transacted at the closing auction. Depending on the exchange, anywhere from 20% to 40% of daily volume in Europe and 10% in the US is currently being executed at the close. In order to remain competitive, many securities dealers are offering to match client orders at the closing price, and at least one exchange currently offers a competitive closing cross. Some market participants have voiced concerns that the migration of volume to the close will hamper price formation during continuous trading, while others argue that broker matches fragment liquidity at the close. In this session, we’ll discuss how buyside traders can best take advantage of liquidity at the close, and whether this migration of volume to the close is likely to continue.
• Calvin Hayes, Head of U.S. Equities Trading, Jane Street
• Joe Collery, Head of Trading, Comgest