Whether market fragmentation is causing a liquidity crisis in Europe depends on who you ask. Buy-side players often lament the financial and operational cost that fragmentation is bringing down on them, but the sell side is keen to dispel their concerns as myth.

The debate was centre stage at this year’s FIX EMEA conference, as sell-side speakers assured the audience that fragmentation is less of a problem than people think – and that change is possible. Continue reading…