Key to delivering efficient, reliable, and low-cost markets is the underlying market structure. Before we can deep dive into the data, we must set the foundation to analyze market structure. This note ...

Today we focus on market participants, IPOs, the rise of retail and automation. We also explain some of the core concepts about how markets work. As summer starts, we thought it was a perfect time to ...

Retail market structure refers to the number of companies that sell similar or identical products in the same geographical area. An oligopoly describes a small group of companies that collude to raise ...

The EU and UK have committed to introducing consolidated tapes (CT) for equities. In 2024, the timetable for their introduction will become clearer, as will the criteria by which ESMA and the UK’s FCA ...

Have you ever felt overwhelmed by the complexity of the forex market structure? Understanding how to read and interpret market dynamics is crucial for successful trading. If you're struggling to make ...

When Jennifer Hadiaris starts working at RBC nine years ago, she was a business analyst on the cash equity trading desk, working for Bobby Grubert, head of U.S. Equities. “I started at RBC in 2005, ...

My most recent article failed to fully explain my idea of the contribution of financial futures to the evolution of financial market structure. It is easy to misinterpret that article as an argument ...

Learn more about the four firms shortlisted for The TRADE’s 2023 Editors’ Choice Award for Sell-side Market Structure Excellence: including Goldman Sachs, Optiver, RBC, and TD Cowen. Next up in our ...