EMS upgrade includes a global, pre-trade risk analysis model.
The Investment Association wants a consolidated tape and reduced market data costs.
XTX trades more than $150bn in average daily volume across asset classes.
172 buy-side firms globally are using the European block trading platform.
Asset managers face higher costs and lower margins.
User data are centralized aiding in regulatory compliance.
It's about deeper interaction and a more comprehensive feedback loop.
Firms now can have central management of research costs.
'Nothing is off the table' in terms of what trades can be automated.