rosenblatt | market structure consulting

market Structure consulting

Consulting Services

UNPARALLELED EXPERTISE:
Simply put, no other consultant knows market structure and the global exchange industry better than Rosenblatt. Whether the matter at hand is making sense of the latest rules and regulations, optimizing fee schedules, attracting liquidity providers, new-product development, evaluating potential partners, or a brass-tacks evaluation of the competitive landscape, our team will help you understand, question, validate and decide.

REAL-WORLD-EXPERIENCE:
Coping with Complexity: Trading markets have transformed dramatically in recent years. Once simple, slow and manual, they’re now highly complex, fast and largely automated. No one knows more about how the landscape has changed — and what it means for traders — than our team of seasoned experts.

TRUSTED STRATEGIC ADVICE:

All the data in the world are meaningless without the proper context and interpretation. Rosenblatt marshals the available data, reference materials and color from industry participants so you are covering all the bases. But we also present our findings in ways that help you chart the correct strategic path, by considering historical and cross-border parallels, competitive dynamics and subtle nuance that may not be obvious on the surface.

GLOBAL AND MULTI-ASSET-CLASS:
Whether you’re fighting your way through ultra-competitive, developed-market cash equities businesses or seeking the right strategy for emerging-market derivatives, our team has the expertise and experience you need. And we serve a wide array of clients, from exchanges, regulators and industry associations to investors, banks and proprietary trading firms. See our list of select client engagements below for more details.

select Clients & Engagements

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Banks / prop Firms
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JP MorganFlowtradersGetcoOptiverVirtu FinancialIMC

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Asset Managers
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TA AssociatesSilverLakeSpectrum EquityCPP Investment Board

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Regulators / Industry bodies
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Ontario Securities CommissionInvestment Industry Association of CanadaAustralian Securities and Investments Commission

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Exchanges / Venues
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B3 Brasil Bolsa BalcaoTel Aviv Stock ExchangeWarsaw Stock ExchangeTradewebBIVA Bolsa Institucioinal de ValoresBombay Stock ExchangeGrupo BMVNYSE logoToronto Stock ExchangeTradelogIQ
  • Comparative exchange fee schedule analysis across asset classes, regions and customer segments
  • Evaluation of a potential foreign cross-listing of an exchange-traded derivatives contract
  • Comparative analysis of regulatory approaches to and costs of exchange competition globally
  • Venue-by-venue analysis of US OTC and ADR trading of a non-US exchange’s listed stocks
  • Detailed review of global HFT competitive landscape and profitability trends
  • Comparative analysis of and recommendations for position-limit methodologies
  • Analysis of retail payment-for-order-flow trends
  • Design of dark order types/a dark book for an exchange
  • Analysis of growth of off-exchange trading in North America, Asia-Pac and Europe
  • Testimony preparation for industry participants relating to proposed LSE/TMX merger
  • Targeted survey of buy-side, sell-side and prop firms to solicit feedback on a rule change
  • Assessed effectiveness of smart order routing in fragmented Asian equities market
  • Completed official assessment of tick-size pilot program for US equities self-regulatory organizations‍