EUROPEAN REGULATION IN SECURITIES TRADING WILL UNDERGO MASSIVE CHANGES WITH THE IMPLEMENTATION OF MIFID. THIS STUDY INVESTIGATES INTO THE READINESS FOR MIFID AND THE EXPECTATIONS OF THE GERMAN FINANCIAL INDUSTRY 21 MONTHS BEFORE THESE CHANGES TAKE EFFECT IN NOVEMBER 2007.
IN THIS ARTICLE A FRAMEWORK FOR DERIVING SOURCING DECISIONS IS PRESENTED. THE CLASSICAL MAKE OR BUY DECISION IS EX-TENDED BY THREE ADDITIONAL STRATEGIC SOURCING OPTIONS.