Joint Working Group Distances Itself As IT Subject Group Goes it Alone

LONDON - The IT Subject Group has split from the MiFID Joint Working Group (JWG), spinning itself off as a separate think tank. The new for-profit entity, to be known as JWG-IT, will be led by MiFID pundit PJ Di Giammarino, who also led the IT Subject Group. He is the director of JWG-IT.

Meanwhile, the JWG issued a statement announcing that it was distancing itself from Di Giammarino's company. In April, the JWG said that "although participants from the IT Subject Group recently formed an ind