Market Structure Partners’ CEO Niki Beattie is often quoted in the financial press on a wide range of international market regulation issues. Find all the links to the articles below.

Niki Beattie is also regularly featured in video interviews across the media and at industry events.

07 Dec 2016
Fund Managers Find Little Value in Broker Research
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…Beattie told Markets Media: “More and more of the buyside are doing their own research and spending money on new data sets, such as social media or satellite imagery. There is a mismatch between what the sellside is producing and what the buyside wants.” The study found that 56% of fund managers interviewed are now paying fees for other third-party data sets…

02 Dec 2016
Little Value in Sell-Side Research, Managers Say
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…”While demand for access to investment recommendations remains strong,” the authors write, “the delivery and consumption of these recommendations is undergoing a radical transformation.” Radical enough to shock experts: Beattie tells Institutional Investor she was surprised by how little buy-side firms said they value research from the sell side. More and more, she says, the buy side is conducting in-house research and looking to the sell side for a “set of cumulative ideas” to cross-check its own views against…

17 Oct 2016
The bank-beating trading powerhouse that doesn’t use human traders
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…”They will hone their market making skills and we will see a number of them become big established names,” said Niki Beattie, a Merrill Lynch alum who now heads adviser Market Structure Partners. “Over time, yes, these guys can replace what banks did.”…

13 Oct 2016
Tiny Bank-Beating Trading Firm Doesn’t Use Any Human Traders
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…“They will hone their market making skills and we will see a number of them become big established names,” said Niki Beattie, a Merrill Lynch alum who now heads adviser Market Structure Partners. “Over time, yes, these guys can replace what banks did.”

20 Sep 2016
Spencer’s ICAP Seen as Next Deal Target in Acquisition Boom
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…“I get a lot of questions about ICAP as a possible target for exchanges,” said Niki Beattie, head of Market Structure Partners, which advises brokers and exchanges. “If the LSE deal doesn’t go ahead, people think there will be a lot of interest in ICAP.”…

12 Sep 2016
London’s Newest Derivatives Exchange Defies Brexit Curveball
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…“It pays to be the second or third try to create competition, as the pioneers always burn too much capital before they can get their platform working,” said Niki Beattie, head of Market Structure Partners, which advises brokers and exchanges. The new futures market could also be used to argue to regulators that the LSE acquisition will still allow for plenty of European competition, she said.

Still, Beattie has her doubts.

“There are so many hurdles to overcome en route to building liquidity,” she said. “You have to have a core group of people ready to go live at the same time.”…

30 Mar 2016
Australian Government agree to open competition in cash equities clearing
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Market Structure Partners was instrumental in writing a report for the Australian bank and brokerage community that contributed to the discussion about competition in clearing which led to this recent decision:

On 30th March 2016, the Australian Treasurer released a statement announcing “a reform package that opens the door to competition in the clearing of cash equities, acting on the recommendations of the Council of Financial Regulators’ (CFR) Review of Competition in Clearing Australian Cash Equities.”

More information on the consultation with links to key documents can be found here.

01 Mar 2016
ICE Confirms It May Bid for LSE as Shares Soar to Record
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…At the least, a counterbid could force Deutsche Boerse to increase its offer, one of the people said. “LSE is clearly a highly sought after strategic asset,” said Niki Beattie, head of Market Structure Partners, which advises brokers and exchanges. “Deutsche Boerse has probably been doing the courting for longer than ICE, so I think they’re coming from behind.” …

01 Mar 2016
ICE may have to make hefty offer in potential bid for LSE
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…Executives and analysts alike say the LSE is officially “in play” after it revealed last week it was in talks about an all-share “merger of equals” with Deutsche Börse. On Tuesday ICE indicated it too may make a bid. “The LSE is a pretty hot target and is a massive foothold in European financial markets. Now the LSE is in play you can’t afford not to be a bidder,” said Niki Beattie, head of Market Structure Partners, a consultancy. … Ms Beattie, a former bank head of electronic trading, thinks a deal for the LSE will happen after years of unconsummated bids. “I think that’s why the banks won’t lobby against it this time — the cost savings [from netting margins] will be too great for banks exhausted by regulatory issues.”

24 Feb 2016
Exchanges Talk Marriage While Their Nations Contemplate Divorce
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“I think it’s not necessarily about synergies and cost savings for the exchanges themselves — although they should have them from clearing and technology combinations,” said Niki Beattie, head of Market Structure Partners, which advises brokers and exchanges, in a phone interview. “It’s more about the opportunity to create a European super exchange before one of the U.S. exchanges or Hong Kong Exchanges & Clearing Ltd. take that opportunity away.”