MiFID talk

The European Union's Markets in Financial Instruments Directive (MiFID) is a hot topic and over 50% of our placements so far this year have required an understanding of the legislation. In the news this week,  one firm estimates that about a third of financial firms will be spending more than 10% of IT budgets on its implementation. Last month Atos Consultancy predicted that the UK's securities industry is looking at a £1bn price tag for complying with the directive.

At FISD Amsterdam this week the MiFID Working Group ran a workshop to drill down on the MiFID challenge and TradeTech 2006 will be addressing the topic with a series of panel discussions in April.

The Investor Services Journal Volume 11 Supplement provides in-depth discussion from the Working Group as well as data and software vendors.