Liquidity Landscape: Moving on from MiFID

Geopolitics looks set to deliver continued market instability for the foreseeable future. During Q3, markets began to confront the prospect of interest rates remaining “higher-for-longer” as central banks reiterated their commitment to controlling inflation. This occurred against a backdrop of conflicting economic signals, with rising oil prices and weakness in Europe contrasting with stronger indicators and a robust labour market in the United States.

Gareth Exton Head of Execution + Quantitative Services EMEA, and Conor Diviney, Execution consultant, in partnership with Rebecca Healey, Redlap Consulting