PRESS COVERAGE
25 Nov 2022
Once the future, MTFs are now fading into the ghosts of big banks’ past

After more than 10 years, these trading venues are undergoing an identity shift.

Niki Beattie, chief executive of Market Structure Partners, said that over the past decade, exchanges have chipped away at bank MTFs’ original raison d’etre.

“We’ve got to a point where MTFs don’t really add any different value propositions. The fees have been competed away,” she told Financial News. “What we have is a lot of volume going back to the main exchanges, particularly in Europe.”