Market Structure's Future: Innovations and Challenges to Come
The landscape of market structure is continually evolving, driven by technological advancements, regulatory changes, and shifts in investor behaviour. As we step into the future, numerous innovations and challenges lay ahead, shaping the way markets operate and how participants engage with them. From the rise of algorithmic trading to the impact of decentralized finance (DeFi), the future promises both opportunities and obstacles for market participants across the globe. Evolution of Market Structure The journey of market structure evolution has been marked by significant milestones, each contributing to the efficiency and accessibility of financial markets. Traditional exchanges, once dominated by floor trading and human intermediaries, have transitioned to electronic platforms, enabling faster execution and greater transparency. The advent of algorithmic trading further accelerated this evolution, with algorithms executing trades at speeds beyond human capacity, leading to increased