Mar 21 2024 31 mins
Episode 60 is the first of a two part deep dive on European Market Structure, a topic we have not covered in several years on the podcast. As we learn in the two episodes, a lot has changed since we last covered the space. Helping us get up to speed are two experts in the region, James Baugh, TD Cowen's Head of European Market Structure, and Dermot Dunphy, Head of Trading for M&G Investment Management. In this episode, we cover the anatomy of an execution for a block sized order and how it changed over Dermot's career, the existential threat faced by the LSE and UK to maintain its place amongst the leading global capital markets, and an introduction to some of the Made in Europe market conventions.
Chapter Headings:
7:23 - Anatomy of an Block Order – What has Changed - 2001 vs 2024?
14:44 - LSE Defending its Turf
23:03 - MTFs, Systematic Internalizers and Other Made in Europe Conventions
This podcast was recorded on March 18, 2024
Guests:
James Baugh, Managing Director, Head of European Market Structure, TD Cowen
Dermot Dunphy, Deputy Head of Equities Dealing Desk, M&G Investments
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