Experts: Make Time for Mifid Testing
FRONT PAGE: COMPLIANCE TECHNOLOGIES
LONDON-Testing of Mifid-compliant IT systems is not expected to start before September 2007, leaving barely any time to assess and debug applications, according to members of the Mifid Joint Working Group (JWG) IT Subject Group (ITSG).
In the latest ITSG meeting, as it is now being called to distinguish itself from the for-profit organization JWG IT, representatives of several securities firms say that the market is still trying to understand the Markets in Financial Instruments Directive (Mifid)
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