Amid growing fears of a no-deal Brexit, European investment banks suffered a brutal first quarter, reports TABB Group founder and research chairman Larry Tabb in this week’s market structure segment, which features a new, condensed format. Meanwhile, the UK is pressuring exchanges to hold off on their Brexit contingency plans as the clash over share trading obligations threatens to escalate UK-EU regulatory divergence. Next, Tabb discusses Goldman Sachs’ MIFID reporting fine and regulators’ challenge managing data, BlackRock’s overhaul, and China government bonds’ global benchmark debut. Moving to equities, he looks at Deutsche Bank’s plans to establish a single-dealer electronic platform as well as hybrid algos and the marriage of man and machine. In the fixed income space, Tabb highlights the $700 billion US fixed income ETF market and a possible solution to the LIBOR mess. He also examines regulation of automated trading, institutional interest in crypto, alternative data lessons from industry leaders, the digital transformation of the buy side-sell side relationship, and robot-assisted workflow. Finally, Tabb talks about Goldman’s efforts to Create a ‘Netflix for data’ as well as its move to open its trading and analytics software to outside developers.
Interviewer: Larry Tabb
Source: TABB TV
Categories: Currencies & Commodities, Derivatives, Equities, Fintech / Crypto, Fixed Income, Regulatory
Topics: Algorithm, Asset management, Compliance, Data management, Derivatives trading, Economy/Economic Policy, Equity trading, ETFs, Fixed Income, Market structure: Exchanges, ATSs, ECNs, Market Surveillance/Technology, Regulations, Research and analytics, Risk management