Adam Conn

This debate will explore whether bilateral and alternative liquidity models can meet the long-term needs of the buy side – or whether public markets must preserve lit price formation as a foundation. With more flow executed via direct streams, speakers will examine the future role of algos and whether equities could move towards an FX-style request-for-stream model. Panellists will weigh the implications for execution quality, access, and the sustainability of market integrity as more trading shifts off-exchange.