Looking for clarity

With the April 2007 deadline for implementation of the European Union's Markets in Financial Instruments Directive (MiFID) looming, alarm bells have begun to ring in the investment banking world. Of particular interest for many financial institutions are the consequences of putting in place the principles of 'best execution'. The obligation to provide investors with the best available price and to publish pre- and post-trade information will be difficult enough for the cash equities market, currently...

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