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The MiFID Revolution (Hardcover, New)
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The MiFID Revolution (Hardcover, New)
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The Market in Financial Instruments Directive (MiFID) is nothing
short of a revolution. Introduced on 1 November 2007, it will have
a profound, long-term impact on Europe's securities markets. It
will see banks operating as exchanges for certain activities,
offering alternative execution services that more closely resemble
the structure of over-the-counter markets, and will lead to the
decentralisation of order execution in an array of venues
previously governed by concentration rules. Crucially, MiFID will
also have a profound impact on the organisation and business
strategies of investment firms, exchanges, asset managers and other
financial markets intermediaries. Until now, analysis has focused
on the directive's short term implementation issues. This book
focuses on the long term strategic implications associated with
MiFID, and will be essential reading for anybody who recognises
that their firm will need to make constant dynamic readjustments in
order to remain competitive in this challenging new environment.
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