Institutional Trading Liquidity
Seminar
Dr Robert Barnes, Chartered FCSI
Global Head of Primary Markets and CEO Turquoise, London Stock Exchange Group
Kathleen Tyson will be Chairing
Peter Randall, President of SETL will also be a panellist.
Robert is Global Head of Primary Markets at London Stock Exchange Group and CEO of Turquoise, the European multilateral trading facility majority owned by LSEG in partnership with the user community. Prior to joining Turquoise LSEG in 2013, Robert worked at UBS for more than 19 years, including as Managing Director Equities and founding CEO of UBS MTF. His industry roles include serving 2004-2009 as Chairman of the Securities Trading Committee of the London Investment Banking Association. Robert holds a BA from Harvard, a PhD from Cambridge, and is a Chartered Fellow of the Chartered Institute for Securities & Investment.
Peter Randall serves as SETL’s President. Peter believes that the application of 21stcentury technology to the post trade space will be as significant to the industry cost base and volumes as was his previous foray into markets. Credited with revolutionising the equity exchange market in Europe through the establishment of Chi-X Europe Ltd, Peter led the company’s growth as founder and CEO, from an unknown multilateral trading facility to become one of the top 5 trading venues in Europe by volumes traded. Prior to Chi-X, Peter was COO at Instinet Europe Ltd, and Executive Director of FIX Protocol Ltd. Peter was educated at the London School of Economics and the University of Oxford.
Institutional Securities Trading Depth, Liquidity, and Cost Improvement. Twenty five years ago over 90 per cent of global trading in equities went through the SEAQ-International market on the London Stock Exchange, with the average value of a single trade more than $700,000 and the lowest observed intraday price volatility of any market globally. Post-trade transparency rules, capital assessment on dealer inventories, and a global shift to electronic order books ended the SEAQ-I model of market-maker intermediated large value trading. Securities markets fragmented with dealing platform innovations and decentralisation; liquidity everywhere grew measurably shallower. In this seminar Robert Barnes will discuss how new platforms are now restoring large trade depth and liquidity with low price volatility for more cost effective institutional trading.
The overall programme for this event is:
18.00 Registration and drinks
18.30 Speaker presentation and Q & A
19.45 Canapés, drinks and networking
20.45 Close
Video Of The Event
Speaker(s):
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Dr Robert Barnes
Chartered FCSI Global Head of Primary Markets & CEO Turquoise
London Stock Exchange Group
Location
Pewterers' Hall
The Worshipful Company of Pewterers, Pewterers' Hall
Oat Lane, London
EC2V 7DE