TradeTech Europe 2025

13 - 15 May, 2025

Palais des Congrès de Paris

Eric Stockland

Managing Director, Co-Head Global Electronic Trading BMO Capital Markets

Eric has more than 22 years of experience in trading, capital markets technology, and exchange operations. Prior to joining BMO Capital Markets, he served as IEX’s Chief Strategy Officer, representing IEX in industry and regulatory policy discussions and providing leadership to multiple teams within IEX. Eric led product development, quantitative research and business development teams at various times during his 4 year tenure with the company. Eric came to IEX in 2016 from KCG, where as an execution consultant he advised clients on strategy selection and tactical order management to minimize market impact and execution costs. Eric joined KCG’s predecessor company, GETCO in 2007 as an exchange relationship manager before transitioning into a quantitative trader role where he built valuation models and exchange execution logic for equities and futures. Eric began his career at Archipelago in 2001 (now NYSE Arca) as a Quality Assurance Engineer where he was responsible for testing trading & routing algorithms. While at Archipelago and NYSE he held various positions in market data and the equity options division.

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 Eric.

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