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Market Structure

How venues, regulation, participants, and infrastructure interact to shape liquidity, behaviour, and outcomes in markets.

Market Structure

+4

From Stack Sprawl to Execution Fabric

Apr 14, 2026

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11 min read

From Stack Sprawl to Execution Fabric

What the modern buy-side target state looks like, the key build questions, and how firms can get there through hybrid architecture rather than another round of application overlap

Abdullah Hiyatt

Market Structure

+6

Stop Treating Strategic Market Data Like Another Screen

Apr 13, 2026

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9 min read

Stop Treating Strategic Market Data Like Another Screen

Learnings from building trading technology on why consolidated tape, axes, pricing and quote feeds belong in a shared intelligence and orchestration layer, not just another OMS or EMS screen

Abdullah Hiyatt

Market Structure

+4

What the Buy Side Should Demand From Its Multi-Asset Trading Stack

Apr 8, 2026

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12 min read

What the Buy Side Should Demand From Its Multi-Asset Trading Stack

Ten design priorities, the benefits they unlock, and the path from fragmented tools to a true execution fabric.

Abdullah Hiyatt

Market Structure

+4

MiFID Got Fixed Income Wrong Where It Matters Most

Mar 17, 2026

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12 min read

MiFID Got Fixed Income Wrong Where It Matters Most

How venue-centric workflow, not just venue regulation, became the real market structure problem.

Abdullah Hiyatt

Market Structure

+4

Consolidated tape in Europe, finally, sort of, maybe

Jan 15, 2026

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12 min read

Consolidated tape in Europe, finally, sort of, maybe

Two tapes, two regimes, one messy truth.

Abdullah Hiyatt

Market Structure

+4

DORA’s Critical Third Parties List Just Became Your New Baseline

Dec 28, 2025

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4 min read

DORA’s Critical Third Parties List Just Became Your New Baseline

Why the ESAs’ CTPP designations turn vendor risk into front-office execution resilience.

Abdullah Hiyatt

Market Structure

+4

Could you be operating an MTF without even realising it?

Oct 15, 2024

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7 min read

Could you be operating an MTF without even realising it?

RFQ workflows feel bilateral. Regulators care about multilateral interaction. This is where the MTF line actually sits.

Abdullah Hiyatt