MiFID to Create Data and Voice Linkage Challenge

LONDON-While most firms are already storing voice recordings, the voice files will have to be linked to other data to prove best execution following the introduction of Europe's Markets in Financial Instruments Directive (MiFID), according to experts at a BT and BearingPoint seminar in London in July.

In terms of instruments with low liquidity, trades tend to be completed over the phone and may be supported by other collaboration tools such as instant messaging in the sales process, meaning f

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