Thinking

  • 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.

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  • 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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  • Q3 updates to APAC Market Structure

    ​– ​How did expected market impact costs in 2018 change from Q2 to Q3?
    – How did the introduction of a closing auction session affect the volume profile on the Shanghai Stock Exchange?

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  • November 12, 2018

    Last quarter, ITG’s Global Peer data showed strong directional interest in mid-cap stocks in major markets, and in Chinese equities.

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  • On Oct. 25 and 26, the SEC hosted roundtables to discuss and debate issues related to real-time equity market data.

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  • September 19, 2018

    ITG 2Q18 Global Cost Review: Trade War Preparation
    Beginning in January 2018, global investors have been on alert, positioning themselves to best navigate the effects of US-initiated trade wars.

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  • Q2 updates to APAC Market Structure

    ​– ​How are institutions accessing China post the MSCI inclusion of China A-shares?
    – What does the discontinuation of the foreign board in India mean for international investors?
    – What do you need to know about short-selling in the Philippines?

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  • We present a new approach to trade scheduling using reinforcement learning, an area of machine learning.

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  • June 08, 2018

    ITG 1Q18 Global Cost Review: The Impact of MiFID II
    Beginning in January 2018, the unbundling rules of MiFID II required investors to pay execution-only rates for trading and make separate payments for investment research.

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  • The talk since MiFID II’s January 3 go-live date might have shifted in focus but by no means has decreased. The changing market structure dynamics in Europe continue to be in the front of our clients’ minds, in Europe and globally. With a full quarter of trading activity since MiFID II took effect, we are providing an update on the significant changes in equities markets.

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