The TRADE 54 | Page 5

As US regulators finally agree a swap execution facility equivalence deal with the European Commission, we investigate the impacts for markets and institutions navigating the new trading environment. 36 Issue 54 59 62 The Fixed Income Leaders Summit in the beautiful city of Amsterdam this year played host to some fiery debates among the buy-side. Trends for 2018 72 Hayley’s Comment 82 Fragmentation in Europe 67 LiquidMetrix analyses consolidated performance figures for stocks on major European indices and the changes from the previous quarter. 78 This year could mark the shift when Asia goes from being viewed as a developing market for electronic trading to being a leader. I D [ M I F I D [ M I F I I | F X ] | I I | F X ] re FX: Mo d to expose than MiFID II ught you tho H E D ] [ D E P A R T M E N T 37 DATA SURVEY | s.com deNew TheTra 2017 MiFID II, blockchain, artificial intelligence, data, systematic internalisers, political uncertainty, bitcoin…get ready for 2018 with our guide to the biggest trends for the New Year. Transaction cost analysis is finally gaining traction in the forex market, driven by best execution requirements, but there is still confusion over exactly what must be reported under MiFID II. The 2017 APAC Algorithmic Trading Survey Winter FINAL THOUGHTS Limiting dark trading options will see trading in less liquid stocks taking the biggest impact. FX: More exposed to MiFID II than you thought de TheTra 52 A round-up from our Checklist event at The Rosewood hotel covering algorithmic trading, research, trading venues and reporting. Dark pool caps to hit the less liquid Go with the flow ] H E D ] H E D various ed and be bann 2018, orks will scene in ing netw ring the be the Broker cross venues are ente and who will go ng l. new tradi r flow will McDowel Hayley e the orde s, asks so wher and loser winners MIFID II FOCUS The MiFID II Checklist event: Problems solved | | H E D ] gaining is finally analysis driven by on cost market, is Transacti in the forex ents, but there traction irem t be ution requ what mus . exactly best exec Clark usion over II, writes Joel D still conf MiFI r unde reported Issue 54 62 Issue 54 TheTradeNews.c om 49 de TheTra Issue 54 Winter 2017 TheTradeNews.com 5 s.com deNew TheTra tors finally agree a swap ivalence deal execution with the European n, Safraz Thind invest igates the arkets and institution s navigating ew tradin g environmen t. 63