MiFID: The Mother of Invention and SOR? By Ian Salmon, Head of the MiFID Programme at Fidessa
At 04 Apr 2008 11:18:13 in ET-Your Say, Electronic Trading
Even before coming into force on November 1 2007, MiFID had become a catalyst for change in the financial markets. The anticipated abolition of concentration rules introduced the concept of competition between trading venues in many European markets. Furthermore, the advent of the MiFID best execution requirements calls for financial institutions to define an execution policy that explores a variety of trading venues in search of liquidity and best prices. As a result, over the past two years the directive has become a strong determining factor for all trading technology purchasing decisions.
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