Niki Beattie

Founder and Managing Director Market Structure Partners

Niki Beattie has more than 25 years of capital markets experience, particularly focusing on capital markets infrastructure and the impact of technology and regulation. She spent 17 years working in investment banking and became Managing Director and Head of EMEA Market Structure at Merrill Lynch International before founding Market Structure Partners, a strategic consulting firm specialising in the structure of global capital markets. Niki also has a number of Non Executive Board roles; she is Chairman of two UK firms, Aquis Exchange and XTX Markets Ltd, as well as a member of the Board of Kepler Cheuvreux UK Ltd. She is also a member of the Boards of Borsa Istanbul, Turkey’s main stock Exchange, and IRESS, a listed Australian financial technology company. She was previously on the Board of MOEX, Russia’s exchange. Alongside these roles, she also sits on the Consultative Working Group to ESMA’s Secondary Markets Standing Committee and is a member of the UK FCA’s Regulatory Decisions Committee.

Day 1 | 14th May

10:05 AM Liquidity & Trade Transparency Panel: Understanding the true liquidity picture: How can market participants boost reported liquidity and trading volumes to present a more accurate and appealing market for investors?

How can EU and UK market access a full picture of liquidity and volumes beyond lit markets?
How can industry best define and report hidden liquidity?
Which liquidity sources are accessible, and how is crossing and internalised flow being reported?
Will a European consolidated tape solve the liquidity transparency issue?
How does the current post-trade transparency regime, under MiFID, need adapting to capture the full scope of equity trading activity in Europe?

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 Niki.

Download The Latest Agenda