Plugging the infrastructure gaps
A new report by the JWG-IT Group reveals that financial services firms must urgently look into the problem of 'infrastructure gaps' if they are to successfully cope with the looming implementaion of the Markets in Financial Instruments Directive (MiFID). The number one 'gap' in terms of industry collaboration is in transaction reporting, followed by best execution policy and execution, then record keeping.
PJ Di Giammarino, chief executive of the JWG-IT Group and a MiFID zealot, tells IRD that
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