TradeTech 2025
At this year’s TradeTech Europe conference in Paris, there are signs that the continent (which every UK speaker insists they are part of) is waking up. It’s not just the surge in European stocks and bonds sparked by President Trump’s repositioning of the United States. There is the growing impatience among industry figures about the need to unlock Europe’s retail investing potential, amid perceptions that the continent’s younger demographic is more sophisticated than they are given credit for.
There is also growing impatience with liquidity fragmentation. Why, asked SIX Group CEO Bjorn Sibbern, is there no single number for the trading volume of a Europe-listed stock? Numerous participants at TradeTech complained about addressable liquidity and the non-reporting of bilateral trades. And why has it taken so long to reach the home stretch of the European Consolidated Tape?
Global Trading’s team was busy at the conference, and expect to read plenty more about it.
Nick Dunbar, Editor
TradeTech reports
Retail-based systems impeding MENA market engagement
While MENA markets are becoming more appealing to international investors, structural issues are causing frustration for traders, TradeTech panelists said, with fragmented, retail-oriented systems...
ETF-specific algos welcomed by traders
Trading of exchange-traded funds has long been dominated by RFQs, which are costly for smaller trades. Now, algos that address the complexities of ETF...
Regulators and industry hint at ‘Super CT’ across UK and EU
Warming relations between the UK and EU are making an eventual shared consolidated tape more likely, according to regulators – and to the relief...
Frustration builds over Europe’s hidden liquidity
European equity trading volumes are much higher than reported, yet traders still struggle to see, let alone tap, that liquidity, because of fragmentation baked...
Buy side slams vendor pre-trade models after April volatility shock
The advice of pre-trade models should be taken with a hefty grain of salt, according to speakers at this year’s TradeTech – particularly during...
PISCES will reduce ‘cliff edges’ – FCA’s Relleen
The UK Government has established the legal framework for the Private Intermittent Securities and Capital Exchange System (PISCES) stock market system.
Stock markets will be...
ELPs, SIs provide valuable role in market, buyside traders say
Large technologically-powered market makers are increasingly visible in equity markets, and buyside participants praised the liquidity they provide.Â
Emerging from their secretive prop trading roots,...
Public market liquidity hampering IPO appetite, industry warns
European IPOs and engagement with EU and UK public markets have floundered in recent years. However, unpredictability in the US and the purported end...
Unlocking retail the key to fixing European equity markets, industry figures...
After years of enviously looking at the US, panellists at TradeTech urgently called for changes to tax rules and investor education, to unleash a...
