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First Word: How to combat battle fatigue

What does “post-MiFID” actually mean, and is there any point in saying it? Now that MiFID is here, the “post-MiFID trading environment in Europe” is actually just “the trading environment in Europe” – or at least it will be when all the countries affected finally implement the changes in full. But the point is at some juncture even referring to MiFID will become unnecessary, because it will be business as usual – in the same way that if efforts to eliminate inefficiencies in cross-border clearing and settlement in Europe work, the phrase “cross-border” will have no meaning anymore.



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