Mifid spurs e-trading growth
From this month, banks need to prove client value has been achieved in all asset classes, including forex, with the exception of spot speculative FX, said Chris Pickles, London-based chair of the Mifid Joint Working Group and head of industry relations, BT Global Financial Services.
"Mifid does not outline what best execution means for the foreign exchange industry," said Pickles. "It is entirely up to the individual institution to define what best execution in FX means for their clients, and to
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