Navigating Conditional Orders
Solving the ironic challenge of increasing choices
MAY 14, 2019
Once dominated by human traders, conditional order types have become widely used by both buy-side and sell-side routers as an important means of sourcing block liquidity in Alternative Trading Systems (ATSs).
4Q18 Global Cost Review
FEBRUARY 06, 2019
Increased equity volatility in the final quarter of 2018 gave rise to the highest trading costs observed in the previous 12 quarters.
ESMA’s Call for Evidence on Periodic Auctions for Equity Instruments
JANUARY 24, 2019
On 9 November 2018 the European Securities and Markets Authority (ESMA) published a call for evidence on periodic auctions for equity instruments. In addition to submitting its own response to the consultation, ITG has analysed the public responses from other participating firms and industry associations.
Indexing: Phantom Promotions, Defiant Demotions
JANUARY 09, 2019
As passive investing continues to grow, so too has the impact of index changes. For the largest US companies, passive managers may hold more than 20% of a company’s public float.
Venue Landscape Shifts in Europe
DECEMBER 10, 2018
Since the implementation of MiFID II on 3 January and the Double Volume Caps (DVC) on 12 March of this year, the European equity venue landscape has gone through some significant changes.
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