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Warnings and Winners

EDITOR'S LETTER

    • Phil Albinus

Welcome to 2007, ladies and gentlemen. Many hot trends-mergers and acquisitions, algorithmic trading-are sure to dominate this year, but none is more ominous than the almighty MiFID.

Technologists are dreading it, analysts are frantically studying it and some firms are burying their heads in the sand, hoping it goes away. It won't. For the sake of one smooth transition in turbulent times, we hope the laggards get their acts together and their houses in order.

In addition to MiFID, mergers and

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