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Whitepapers
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For Whom the Bell Tolls
Published on
27 Jun 2012
Company name:
Fidessa group
Throughout 2006 European equity markets were busy preparing for the arrival of MiFID, which shared similar objectives to Reg NMS which was implemented across the pond some years earlier. Just as in the US, most European market participants were focused on operational readiness and ensuring that their systems and procedures met the various checklists created by the armies of consultants they had employed. Few firms had really thought about how the new rules were going to transform the trading landscape, or what they would need to do to stay relevant. Fewer still were prepared for the way regulation and technology would combine, wrap around the industry and set it on a path of almost constant change and unintended consequences.
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For Whom the Bell Tolls.
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