In MiFID we Trust

First Published in Automated Trader Magazine Issue 07 October 2007 : Peek Ahead

This issue of AT coincides with another attempt by Europe to become a little bit more like America. No, not Tony Blair's hopes of being elected President of Europe just in time to see Bill and Hillary move back into the White House. Rather, that slightly less foolhardy European Union initiative, MiFID (Markets in Financial Instruments Directive), which aims - as one of the pillars of a single European investment market - to allow Europeans to shop around between rival trading venues to get the best price for their favourite stocks and shares.