Editor’s Letter - All grown up

I'm glad to report that this letter does not contain any analysis or predictions for 2007 and 2008. But what I feel I must comment on is the maturation of the buy side over the past five years, to the point now that as a result of Reg NMS and more especially Mifid, the industry appears to have grown up. This is down to one issue: the pursuit of transparency. US and European regulators have been slowly but surely moving in this direction for a number of years under the mantra of 'investor

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