In celebration of TradeTech’s 20th Anniversary, buy-side industry veteran and head trader for EMEA equities at Invesco, David Miller, explores the evolution of trading over the past two decades.

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Over the past 20 years, I have seen unprecedented degrees of change in the industry from faxed confirmations and single screens to low-latency electronic trading and the onset of artificial intelligence. Soon after I joined the buy-side, just after the millennium, we moved away from directed orders to suggested, and then finally preferred brokers, all leading to more autonomy of the buy-side trader and the evolution of the high volume, technology based multi-asset trading desks we see today.

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