As the year draws to a close, we’re reminded that the world of market structure is as intricate and dynamic as a beautifully decorated Christmas tree. Shaped by regulation, technology, and competition, the complexity of trading venues and mechanisms creates a landscape that’s ever-changing—and endlessly fascinating.
Our popular Christmas tree visualisation offers a festive glimpse into this complexity, capturing market share by venue (lit on-book activity). At first glance, the picture over the past 24 months appears stable, but as with any intricate design, the devil is in the details. Beneath the surface, some exchanges have quietly strengthened their positions, reflecting subtle shifts that only reliable analytics can uncover.
Navigating this landscape requires tools that can illuminate these details, both historically and intraday. Just as a well-lit tree showcases every ornament, robust analytics solutions shine a light on the hidden nuances of market dynamics, helping investors, brokers, and issuers make informed decisions.
As we prepare to step into a new year, there’s so much more to discover with the right tools in hand. Here’s to embracing the challenges and opportunities of market structure with clarity and confidence – and to celebrating the season with the joy of curiosity and discovery.
Wishing you a festive holiday season and a prosperous new year!
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