Trading exec notes buy side is increasingly interested in AI, alt data and TCA.
Firms are taking the opportunity to cut spending on research globally.
Writing essays to support trading decisions "is not ideal."
Lack of a consolidated tape and cost of market data were raised.
Two separately-listed companies will be formed.
Buy side's need for transparency sparks a renaissance in high touch.
Double volume caps should boost LIS and auction volumes.
There is a growing trend towards valuing and tracking research.
The paper is a set of essays on what a good culture might look like.