Navigating through markets is challenging: costs and benefits of best execution
Continuous improvements in electronic trading systems mean investors are addressing the important trading issues faced by hedge fund managers and are increasingly concerned about execution quality. Hedge Funds Review examines the costs and benefits of best execution
Former US Securities and Exchange Commission (SEC) chairman Arthur Levitt, the 25th and longest serving, dismissed the need for rule-making on execution quality in favour of best execution. He put best execution at the heart of the debate on market structure and asked market participants to think about how to realise it.
In Europe best execution has been codified by the EU's Markets in Financial Instruments Directive (MiFID). It requires companies to "take all reasonable steps to obtain the best
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