Bloomberg
Worst MiFID scenario - tech glitches, fat fingers and lock outs
For traders, first Wednesday of 2018 will be like going back to school with compliance
Computers crashing, investors frozen out of markets and a heightened risk of fat finger mistakes. That’s the worst-case scenario when the biggest change to European rules for the investment industry in a decade finally come into effect next month.
Banks and asset managers have spent years preparing for the revised Markets in Financial Instruments Directive (MiFID) as regulators try to prevent another financial crisis by boosting transparency.
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