Too many financial firms are dragging their heels in dealing with MiFID, write Andrew Dillow, Steve Leggett, David Smith and Tony Sodhi of Atos Consulting.
The markets in Financial Instruments Directive (MiFID) sets
the stage to make Europe a more attractive market for investors.
Change is underway, even though parts of Europe are still
running late in amending national laws to incorporate MiFID.
New trading venues, such as Chi-X, are emerging to create
more competition. Trade volumes are increasing while the trade
size is decreasing.
Research by Atos Consulting on how prepared financial organisations
were before MiFID came into effect last November revealed
a prevailing ‘wait and see’ attitude.
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