In Episode 61, we finish the second of a two-part series on European Market Structure with our expert witnesses from the region, James Baugh, Head of European Market Structure for TD Cowen, and Dermot Dunphy, Head of Trading for M&G Investment Management. In part two, we drill down on the impact of RobinHood's arrival to the European trading landscape, the shift to the close of volumes, the renewed push for a shorter trading day and the timeline for T1 in Europe and the UK. We finish up with an update on the high-profile and controversial topic of a Consolidated Tape in Europe and the potential for a single-securities regulator in Europe that could be a first step towards a centralized listings platform for the EU countries.
This podcast was originally recorded on March 18, 2024
Chapter Headings:
0:55 - The Impact of RobinHood's Arrival on Retail Trading
8:33 - Shift to the Close – Are MOC flows Accessible?
11:25 - Renewed Push to Shorten European/UK Trading Day
23:28 - T + 1 Implications and Timeline for European/UK Move
27:25 - Consolidated Tape and Market Data Costs
32:02 - Case for a Single European Regulator and Potentially One European Listings Platform
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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