Retail Investment 'Driven' by Prop Trading

Damian Bunce of Barclays Capital speaking at Best Execution 2010 in London

The UK retail investment sector is "fraught with complexity and heavily driven by proprietary trading," and "mom and pop" investors are suffering the consequences, said Damian Bunce, European head of electronic sales trading at Barclays Capital (BarCap), who spoke at Waters Technology’s Best Execution event held in London on Wednesday.

Bunce said that while some things about the Markets in Financial Instruments Directive (MiFID) have not pleased alternative trading venues, retail investors have

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