Through innovation and competition, Alternative Trading Systems (ATSs) continue to disrupt the equity trading markets. According to FINRA data, more than 70 billion shares of NMS securities, traded on a quarterly basis in 2023 on the more than 30 ATSs that operate today.
In Episode 2 of our four-part series, we discuss the bifurcation of volume and available liquidity and the key factors ATS users measure in their venue analysis, such as price-impact and venue analysis.
Episode 2: The Shape of Liquidity
With Presenter
Armando Diaz
CEO
Purestream Trading Technologies
WATCH HERE
Open Call Index:
STA Update – 00:00 mark
Q#1 – What problem needed a solution? – 01:50 mark
Q#2 – How does “streaming” solve the problem? – 08:20 mark
Q#3 – Factors used in venue analysis – 18:15 mark
Q#4 – How do you differentiate?; Looking forward – 22:05 mark