TradeTech Europe 2025

13 - 15 May, 2025

Palais des Congrès de Paris

Anish Puaar

Head of European Equity Market Structure Optiver

Anish joined Optiver in August 2022 as head of European equity market structure, where his responsibilities include managing exchange relationships, steering advocacy efforts and assisting with public affairs. Prior to joining Optiver, Anish was Head of European Market Structure at Rosenblatt Securities, responsible for the firm’s European market structure reports and events. Anish is a frequent speaker at industry events across the globe and in 2021 he was awarded the Plato Partnership’s MI3 Market Structure Award for Excellence. Prior to joining Rosenblatt, Anish was a journalist covering market-structure topics for over seven year

Day 1 | 14th May

11:15 AM Liquidity Fragmentation Panel: Examining liquidity dynamics: What does the growth of bilateral streaming models, SIs and trading at the close mean for price formation and lit-continuous trading?

  • Where is liquidity today, and where will it be in three years [predictions and polling question]? Where is liquidity shifting [dark pools, bank SIs, bilateral platforms]?
  • What impact is the move away from lit markets having on price formation, transparency and intra-day liquidity?
  • Examining the growth of bilateral liquidity provision and the buy sides experience of this alternative stream of liquidity
  • What value do bilateral market makers and internalised bank liquidity bring to the buy side, and what does it mean for the marketplace and exchanges?
  • Does the central limit order book still have a place in today’s market?
  • What is the net impact on price formation in light of market models pulling liquidity out of lit continuous phases?

Check out the incredible speaker line-up to see who will be joining Anish.

Download The Latest Agenda