November 1, 2007 has marked the beginning of a new era in European securities markets, as a result of the entry into force of the MiFID Directive, altering the structure of European financial markets, in a way that possibly no other piece of EU legislation had done so far.

The post-MiFID landscape sees banks operating as exchanges for some activities, exchanges offering alternative execution services closely resembling the structure of OTC markets, and the decentralization of order execution among a panoply of venues previously governed by concentration rules.

Please see attached delivered presentations and report of the event.