BEST EXECUTION - an introduction
Guides
Irrespective of the instrument - equities, derivatives, bonds, foreign exchange - the last twenty years have seen a phenomenal growth in global financial markets with technology as its empowering force. That growth has also led to logistical and regulatory challenges, which have come into even sharper focus with the current market turmoil, central to which is the concept of best execution.
The term has been around for a long time providing a broad, if undefined guide for market participants to achieve the best price for their clients, but is that still the case?
Perhaps the most succinct definition is provided by the European Markets in Financial Instruments Directive (MiFID), which states, as part of Directive 2004/39/EC - Article 21, the obligation to execute orders on terms most favourable to the client:
The Best Execution 2010 Guide to Low Latency.
Despite the financial crisis, many buy and sellside firms have dug deep into their IT pockets and invested in latency management systems. Against this background, the second edition of our Guide to Low Latency tracks the developments, trends and issues in the ever-changing technological landscape.
Copies may be purchased below (@ £35 each)
The Best Execution Guide to TCA 2011 is an in-depth look at the challenges asset managers face and the tools being employed to limit implementation shortfall, improve price efficiency and ultimately achieve best execution.
Copies can be purchased below (@ £35).
Guide to Low Latency 2011 - to be published
The Best Execution Guide to Low Latency
The financial services industry is preoccupied with ‘The need for speed.’ Not a week goes by without
some vendor, execution venue or market data provider making some announcement around reducing
latency. But what does it all mean and how do you measure latency? More importantly, what are the
technologies ‘under the bonnet’ that are helping financial services firms meet customers’ and regulators’
demands for cheaper, faster and more efficient market data and ‘low touch’ trades? Please click here if you are interested in obtaining a copy of the prospectus.
GreySpark are research partners of Best Execution - please follow the link below for more information.
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