Talks about MiFID II discussions over the last 18 months have focused on big headlines such as G20 commitments on derivatives trading, political concerns over the link between rising food prices and the financialisation of commodities markets, the flash crash, HFT and the role of technology in the marketplace.
To a large degree, the financial services industry should have a relatively good idea of what is coming - yet the reality is that we should expect a few surprises in these areas. Some of the most important of these areas are those that will affect the buy side most of all, in particular the regime governing best execution which is being questioned for its effectiveness and scope. It will be important that all parts of the financial industry engage with the process to identify best practice and to encourage the same high standards to be set and enforced across the whole of the EU.
The Commission's proposal to be published in October is only the beginning for political engines of the EU. MiFID II still has a long way to go before it becomes final and there will be various opportunities for market participants to have an impact on the legislative process. Your very first opportunity to personally approach the European Parliament will be at TradeTech Nordic on Monday 7 & Tuesday 8 November at the Grand Hôtel in Stockholm. For further details
About TradeTech Nordic 2011
TradeTech Nordic is designed for senior level equity trading professionals from Denmark, Sweden, Norway and Finland. Now in its second year, the event already proves to be the biggest trading conference organised for the Nordic region. This year, we expect 120 Heads of Trading from asset managers, hedge funds, pension funds and insurance companies to attend the event. In total, we look forward to bringing over 450 professionals on one platform for an entire day at the Grand Hôtel in Stockholm with the aim of creating a Nordic trading community.
If you’d like more information about TradeTech Nordic 2011 then call +44 (0)207 368 9332, email tradetech@wbr.co.uk or visit www.tradetechnordic.com.
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