IMC Annual Report 2018 - Page 22



7.1 COUNTERPARTIES
The year saw IMC take significant
with flow providers in the US
as the market maker with most
IMC’s move to become a
offering access to the benefits of
value for other people, is that
strides in its relationships with
Equity Options business, or via
new ETFs in 2018 on SIX, the
Systematic Internaliser is a case in
proprietary technology and a multi-
it’s more transparent. You add
qualified counterparties. Those
institutional trading desks to
Swiss Exchange.
point. The SI opportunity followed
asset approach to market making.
value if you show a better price
relationships show not only the
connect to Request for Quote
or greater size. That’s down to
firm’s ability to execute effectively in
(RFQ) and Multilateral Trading
Christine, Trading Lead, Chicago:
terms of price and deep liquidity but
Facilities (MTF) platforms serving
“We’re making sure that, as a firm,
crucially, the quality of its people.
buy-side investors, results
we’re thinking about what the market
of financial markets and enhance
the end market participants want
For ultimately, a trading counterparty
confirmed the firm’s decision
needs and wants; how we can add
investor protection. It shows IMC’s
to buy and sell something and
small trades, but if you do bigger
to commit time and resources
value. We try to partner with all
ability to meet growing investor
they want a solution that fits them.
trades you enter into bigger
in building the businesses. An
of the venues and exchanges on
demand for a variety of trading
RFQ is an example, SI is another
positions and therefore you have
Whether in IMC’s growing European
example is the award given to
which we trade in order to create a
options and additional sources of
one. Why it adds value for us, and
to absorb more risk. We are good
ETF business, in relationships
IMC’s European ETF business
marketplace of deep liquidity.”
transparent and reliable liquidity by
why we have found it can add
at that, so we add value.”
business is built on trust.
22
directly from MiFID II, the regulatory
framework introduced on 3 January
Rick, European Head of
our internal system. If you’re fast
2018 to improve the functioning
Institutional Trading, explains: “In
and automated, you can manage
risk better. Everyone can do the
IMC Annual Report 2018
23

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