Unsettled markets are a boon for bourses.
Volatility, crypto, analytics and data are among areas that bear watching, Greenwich Associates says.
Next shift may be from algos to machine learning.
EU trading venues could have been subject to minimum tick sizes that are larger than on non-EU venues.
ICMA calls for European consolidated tape.
MiFID II begets new ways of trading.
Last month Esma issued a call for evidence on periodic auctions.
Eurex EnLight will be extended into equity derivatives in the first half of next year.
Trading costs and post-trade price improvement are highest on lit venues.