Mifid IT Group Becomes Think Tank

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LONDON—The Joint Working Group (JWG) of the Markets in Financial Instruments Directive (Mifid) has lost its IT subject group because it has spun itself off as a for-profit think tank, JWG officials confirm.

The new think tank, to be known as JWG-IT Ltd., will be led by Mifid pundit P.J. Di Giammarino, who also led the IT subgroup. He is the director of JWG-IT.

The work of the IT subgroup "had gotten too big," says Di Giammarino. "Bob Fuller and I talked to the rest of the JWG co-chairs and asked

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