Algo Testing a Major Concern Under MiFID II, ETAS Panelists Say

Clarity of definitions and testing environments are still major hurdles for firms' MiFID II readiness, panelists say.

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(L-R) Meredith Gibson, Tim Rowe, Terry Keane, and Ian Salmon.

The introduction of MiFID II in January 2017 is still shrouded in uncertainty for both market participants and regulators, with industry readiness varying across the board and a question mark hanging over the finalized implementation date. Speaking on a panel at last week's European Trading Architecture Summit 2015 in London, Tim Rowe, manager of trading venues policy at the Financial Conduct Authority (FCA), said that market participants should still be aiming f