Welcome to Global Fragmentation!
First Published Monday, 13th September 2010 02:05 pm from Fidessa : Steve Grob
The opinions expressed by this blogger and those providing comments are theirs alone, this does not reflect the opinion of Automated Trader or any employee thereof. Automated Trader is not responsible for the accuracy of any of the information supplied by this article.
As you can see, the clever guys at Fidessa Labs have
been pretty busy over the summer.
They've added coverage for the title="USA" href="http://fragmentation.fidessa.com/usa/"
target="_blank">Japan and the rest of title="Asia" href="http://fragmentation.fidessa.com/asia/"
target="_blank">Asia - all in all around 200,000
individual stocks and indices (and growing!) to provide a truly
global view of fragmentation.
The new site
also provides further insight into the world-wide experiment that
is going on in terms of precisely what is the best way to achieve
better execution. Is it the US rules based RegNMS approach,
MiFID's principles based approach in Europe, Canada's hybrid
approach, or even the free market forces that are starting to
ignite the fragmentation fire in Japan and the rest of
We are all guinea pigs in this
experiment - regulators, venues, brokers, traditional buy-sides
and the newer HFT community. The stakes are high and there are
plenty of vested interests in trying to persuade you to each of
their points of view. By providing unbiased, reliable (and free)
information, we hope this site goes some way towards helping you
decide for yourself and that it allows you to spot -
and capitalise on - market opportunities directly.
Try the new 'global' button on the
target="_blank">Fragulator, for example. This allows
you to look at the complete global trading pattern for a stock or
index over and above its domestic fragmentation issues.
There's still more to do, though, so please title="Get involved"
target="_blank">let us know what you think and what
new features you would like to see added.
Meanwhile, a huge thank you to everyone that has made
this happen so far, and to you for reading this and being part of
the global fragmentation community.