Bank strategy indexes risk getting sucked into Mifid automated trading consultation

Bank strategy indexes risk getting sucked into Mifid automated trading consultation

technology arms race
EC consultation targets high-frequency trading

Bank strategy indexes have been dragged into a debate about automated trading that has been included in a public consultation on the European Commission's Markets in Financial Instruments Directive (Mifid). The consultation paper was launched at the end of 2010, but has only recently been cited as a cause for concern for banks that have created their own index strategy business – that is, most of them. The relevant section of the document, under the heading "Automated trading and relate