Equity Venues > 55
There are now more than 55 venues in the U.S. equities market, according to a recent report from New York-based Tabb Group. "The popular myth that the markets will centralize again is probably incorrect," said Tabb Group CEO and founder Larry Tabb, author of "U.S. Equity Market Structure: Driving Change in Global Financial Markets." With the growing number of execution destinations, noted Tabb, "the way traders now access the financial markets has changed radically."
Tabb said that the markets "actually look like they are going into something we're calling consolidated proliferation,' where you wind up with a single liquidity pool that has two or three different trading models within it. You get the economics of consolidation, but you get the multiple business models ... so that the arbitrage liquidity just doesn't disappear."
|
||||||||||||||||||
