It is going to change, quite dramatically, the way European markets work.

172

There is an awful lot of change being foreseen and implemented in a very short period of time, which is causing some issues for the people who have to make the changes.

143

We've just completed a draft recommendation for a common communication protocol for settlement and clearing in the EU. The final version will be published in March 2006, and we're looking for infrastructure to be compliant with the terms of that protocol within two years.

139