The Mifid Nightmare Becomes an Opportunity
SPECIAL REPORT: DWT YEAR IN REVIEW
LONDON—While the first eight months of 2006 saw a consensus emerge among the financial community participants that the upcoming Markets in Financial Instruments Directive (Mifid) was a nightmare that would raise IT costs, the past four months have shown that Mifid can also be an opportunity for sell-side firms.
Among the new regulations that will come with Mifid, set to take effect on Nov. 1, 2007, are requirements for best execution and over-the-counter (OTC) trade reporting. In the case of best
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