The View

  1. Overview
  2. Microstructure updates
  3. Macro updates
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The View is a new quant research series from the London Stock Exchange, delivering thought leadership that is aimed to provide insights into market microstructure topics, enabling a deeper understanding of liquidity dynamics, and provide data to those responsible for investment decisions, trading strategies, and execution outcomes.

Microstructure updates

The Tick of It

Promotion for the report 'The Tick of It', examining how recent FTSE 100 tick size changes affected market spreads and liquidity, with a call-to-action button to download the report.

A recent market-wide shift in tick sizes across FTSE 100 stocks has created an unusual but valuable lens through which to assess market structure. In this report, we examine how these changes influenced spreads and liquidity, revealing both improvements and important exceptions that merit closer attention.

Lights, Camera, Auction!

Section promoting a report titled ‘Lights, camera, auction!’. The text explains the report provides insights into how market closing processes have changed over the last five years and examines auction microstructure and alternative closing mechanisms. A ‘Get the report’ button is shown. On the right, a blue graphic displays the title ‘The View: Edition 2 – Lights, Camera, Auction!’ over a stylized financial market background.

In this report, 'Lights, Camera, Auction!', we provide insights into the way the close has changed over the last 5 years and dive deep into the microstructure of the auction process, and how alternative mechanisms influence it.

The Fresh Prints of PS23/4

Section promoting a report titled ‘The fresh prints of PS23/4’. The text explains that following the post‑trade transparency regime introduced in April 2024, the report explores how the changes have impacted data. A ‘View the report’ button is included. On the right, a blue graphic reads ‘The View: Edition 1 – The fresh prints of PS23/4’ with abstract circular design elements.

Following the post-trade transparency regime that took effect in April 2024, the first edition of The View explores how this regime has impacted the data you rely on.

Macro updates

A UK consolidated tape for equities

Section titled ‘Macro updates: A UK consolidated tape for equities’. The text explains the importance of considering global trading models while recognizing the unique structure of the UK market when evaluating a UK consolidated tape. A ‘Get the report’ button is provided. On the right, a blue graphic displays ‘A UK consolidated tape for equities’ with a geometric cube design.

Being internationally competitive rightly means paying attention to global trading models when forming best practice. However, we want to ensure that the thinking around the value and viability of a UK Consolidated Tape pays attention to the uniqueness of the UK market structure.