In the video interview below, Adam Matuszewski, Head of Equity Products and Analytics at SIX Swiss Exchange, comments on key talking points of the recent TradeTech Europe conference. One of them was liquidity shortage in Europe, where Adam points out how different forms of fragmentation constrain market participants from accessing liquidity.
Adams also elaborates how the Swiss stock exchange tackles this problem with pragmatic innovation that builds on existing solutions such as Conditional Orders for its non-displayed pool SwissAtMid and its upcoming new hidden order type AVD (Auction Volume Discovery), developed to stitch capped liquidity in together during auction phases.
Looking at the Bigger Picture
Furthermore, Adam discusses recent liquidity trends in lit European Markets and points out the relevance of providing research and analytics that provide insights beyond simplistic views. In this context, he mentions SIX Swiss Exchange’s latest Trading InfoSnack that highlights how order cancellations influence the EBBO Presence of MTFs and Primary Exchanges – and what that means for trading on the respective markets.