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Cicada strengthens Mifid software

Cicada, a technology company, has updated its Composer software so that it will demonstrate best execution on client transactions, once the Markets in Financial Instruments Directive (Mifid) is introduced in November.

Hubert Holmes, executive vice-president at the company, said: “The native flexibility, functionality and rules-driven framework already present in Composer make it an effective solution for meeting many of the data-centric compliance requirements brought about by Mifid.”

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