MiFID Winners and Losers
A piece of compliance is presenting firms with such a technology hurdle that industry players are predicting a new host of opportunities.
When people speak of the European Union's Markets in Financial Instruments Directive (MiFID), they can't help but issue dire warnings.
Anthony Hilton, the well-known British financial columnist of London's Evening Standard newspaper, bills it as "probably the biggest single piece of financial legislation ever to come out of the EU." Consultancy firm Celent Communications calls MiFID "the most far-reaching reform of any major financial market ever undertaken." Gary Wright, managing director of
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