Best Execution was the subject of much discussion at our Global FX steering meetings in Boston and Singapore this year; it seems there are as many different ways of interpreting Best Execution as there are lawyers involved in the Brexit negotiations!
Our partner FX Connect, has summarised the viewpoints from our members in a report which also features guidelines to help the buy side community define their own Best Execution policy.
The report outlines that a Best Execution policy should fulfil three objectives:
- To define a detailed process across the lifecycle of the execution
- To implement a monitoring mechanism that gathers evidence to adherence
- To be adaptable and refine the process based on the information gathered
To download this must-read report please click here.