Mifid drives ETF trading on to platforms
Best execution rules push Tradeweb ETF volumes up 32%, but smart order routers may alter trend
New European market rules have triggered a surge in trading volumes of exchange-traded funds on platforms, but ETF market-makers believe this sudden dominance will be short-lived.
Two dealers who spoke to Risk.net say venues allowing firms to request quotes from multiple dealers, known as request-for-quote platforms, have all witnessed a “dramatic” increase in volumes.
“You can compare against the
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