Reuters has announced a package of measures aimed at solving the most pressing data problems for clients who will soon have to comply with Europe’s Markets in Financial Instruments Directive or MiFID.
From November 1st this year, MiFID will require investment firms to execute trades efficiently at the best price, publish that information and show that the best price was obtained for clients.
“MiFID is the biggest regulatory change to hit European markets in the last twenty years,” says Stephen Wilson, Reuters Global Head of Exchange Traded Instruments.
“It’s a huge challenge for the financial services industry and that’s why we are now offering clients the key solutions they need to comply. This is what our clients have asked us for and, as it largely uses existing technology, we can offer it to customers at a cost that will be affordable to even the smallest market participants.”