Buy side is taking liquidity sourcing into its own hands.
Expert group will make recommendations by September.
From Apple stock, to distressed real estate, to everything in between.
FX and ETFs are seen as especially data-hungry areas.
A 'commoditization of connectivity' will bring the buy side more counterparty choice.
Half of liquidity provided on MarketAxess’ Open Trading was from asset managers.
Asset managers are having to become more self-sufficient in trading.
Buy side needs more info on what the sell side is up to.
Some of the Old Continent's trading depth appears to have migrated to U.S. markets.