Liz Callaghan, Secondary Markets, ICMA
Liz’s background is in fixed income & equities electronic trading (Investment Banks, Brokers and MTFs). In the past few years, Liz has focused on market structure strategy (combination of sales/trading experience and knowledge of trading related regulations). Liz’s (CF30) market practitioner’s approach emphasizes: electronic trading product innovation, business line rationalisation and restructuring, best execution and business development. Liz is one of two directors on ICMA’s secondary markets desk and the lead on MiFID II. She also chairs the influential Electronic Trading Working Group (made up of buy- and sell-side heads of fixed income trading from the Continent and UK) and the Platform Working Group (over 30 platform and technology providers from across Europe). Liz is frequently a conference speaker on the impacts of MiFID II/MiFIR on bond trading and the evolution of fixed income electronic trading. Lastly, Liz is a founding member of the European FIX Committee (Original business guidelines & standards for institutional cross-border equities electronic trading between the sell-side and buy-side).