The MiFID report

Marcus Hooper on pre-trade information and the advantages of consolidated data.This paper - the fourth in a series of six free Equiduct-sponsored documents - outlines how the ability to manage consolidated pre-trade information will directly affect a firm’s ability to perform its obligations for execution performance under MiFID and identifies a number of less than obvious side issues and practical considerations for firms, regulators and other interested parties looking to establish an optimum environment for pre-trade information under MiFID.

In addition to detailing firms’ MiFID execution obligations, this paper looks at a number of key consolidated pre-trade information issues, including:

• Whether price and trade consolidation are actually the same
• Ancillary execution costs
• Identifying those who will be most impacted by poor pre-trade information consolidation
• The connection between the consolidation of pre-trade information and market quality
• The role of multi-currency trading in consolidating pre-trade information.

Download now - 844.7 kb (Adobe Acrobat Document)

http://www.finextra.com/fullfeature.asp?id=892 

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