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Data Assets & Alpha Group: Market Structure and the Decline in European Liquidity

Making Sense

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Is There a Driver for Retail Investors in Europe?

There are other factors driving retail activity in the US, seen particularly through the pandemic. In Europe, these are secondary factors compared to that issue of capturing the imagination. That said, I think there are some signs of evolution here in Europe. And my point about Germany, there are exchanges there offering fee-free trading,. At the same time, it's worth noting that there are in-flight regulatory proposals in Europe which aim to limit the practice of payment for order flow.

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