CEPS-ECMI Seminar. An informal lunch will be served before the event, from 12.30 onwards.
The evolution of trading technologies has changed the market microstructure of today’s financial markets. On the one hand, the introduction of new technologies has bolstered trading strategies and order management, reducing market impact and underpinning a competitive environment for trading venues. On the other hand, higher speed and trading volumes have put trading platforms under severe stress. In the aftermath of latest market crashes and outages in Europe and the US, policy makers are at a crossroad. How has capital markets microstructure evolved in the last decade? Should regulators or infrastructures set a speed limit? Is there a trade-off between free markets and security? Should regulators ban specific trading practices? What are the long term implications of new technological developments? What function do technologies serve in current financial markets? Should these issues be part of the MiFID Review?