ITG’s index expert, Charles Behette, breaks down his analysis for the 2012 rebalance in this edition of The Blotter. Of note this year will be increased speculative activity as well as heightened turnover in the Financial Sector.
In this edition of The Blotter, Juan Pablo Urrutia discusses the long-awaited European Parliament Report on MiFID II. The first installment of this report reveals that Broker Crossing Systems could go the way of the dinosaurs, while dark MTFs could be preserved in a tight, but politically unbiased, market structure environment.
The French financial transaction tax (French FTT) was adopted February 29 by the French National Assembly despite fierce opposition from the French left (in particular as the proposal was bundled with the abolition of employers’ social contributions and compensated with a rise in sales tax that the French left considers it will hit the poorest hardest). ITG’s Juan Pablo Urrutia discusses the new policy.
Uncertainty surrounding the European sovereign debt crisis and anemic economic recovery motivated marked asset re-allocation in January 2012. ITG’s Jacqueline King discusses this shift in trade flows.
As of October, Australia now has two competing, price-forming equity trading venues. In the coming months, there will be an impact on all those who trade Australian equities, and those buyside firms that use this change as a catalyst to adopt sophisticated technology and flexible trading tools will be those that benefit the most from this new, competitive market.
