The May 2023 report reviews how regulatory changes, technology advancements, data analytics, evolving business models, and cost pressures are shaping innovations in execution venues. Market uncertainty is seen as an opportunity for new entrants, which must secure credible liquidity, ensure quality execution, build long-term relationships, and offer value beyond trading. Four notable venues are profiled: Blue Ocean Technologies, enabling after-hours U.S. equity trading for Asian clients; 24 Exchange, offering multi-asset 24/7 trading; LTX, using AI for bond market counterparty selection and price discovery; and OneChronos, running randomized U.S. equity auctions.

Join for free to read