Mostly… fixed income and cross product eTrading

June 28, 2007

best-execution policy concerns

Filed under: Mifid — holky @ 11:32 am

Complinet survey reveals industry-wide concerns about MiFID best execution policy …. “Our customers are telling us that the guidance provided by the EU and by the UK Financial Services Authority is not yet clear enough for them to be sure what their obligations are. With less than five months to go, they are still having to compare different interpretations and take a view on what best execution means in practice for their firm. This level of uncertainty is clearly causing concern”

Thus each firm must wait for first test case through the courts to benchmark how good or not their MiFID-compliant best execution policy is?


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