Jamie Hartley, European head of capital markets at DWS, has stressed the importance of treating every ETF trade differently despite the current dominance of request-for-quote (RFQ) platforms.
In a recent ETF Stream webinar, titled ETF Investigations: Pre-hedging or frontrunning: Are ETF Investors losing out?, Hartley said investors should avoid a “one-size-fits-all” approach as factors such as size of trade and investment objective affect best execution practices.
According to data from Jane Street, executing via RFQ platforms is the preferred option for the European market with its market share growing to 50%, up from 48% in 2021 and 44% in 2020.
“Investors should think about what they are trying to achieve,” he continued. “RFQ venues provide a positive way in which investors can interact with the market through a risk transfer but it should not be one size fits all approach.”
Speakers in this webinar include:
John Keogh, managing director, Susquehanna International Securities
Jamie Hartley, European head of capital markets, DWS
Alex Livingstone, head of trading – FX & ETFs, Titan Asset Management
ETF Investigations is a new webinar series from ETF Stream which examines the key issues facing ETF investors in Europe. To watch a full replay of this webinar, click here.