Topic
Best Execution
54 published works
Banking, Finance and Securities
FCA highlights concerns about investment managers and best execution
By Imogen Garner (UK), Iona Wright (UK)
The FCA has published a web page stating that it is concerned to find that most investment managers have failed to take on board the findings of its thematic review…
Corporate & Financial Weekly Digest
ESMA Publishes Follow-Up Report on Peer Review of Best Execution
On January 11, the European Securities and Markets Authority (ESMA) published its follow-up report (Follow-Up Report) to its peer review on best execution of European Economic Area (EEA) national regulators.…
Banking, Finance and Securities
ESMA report to peer review on best execution under MiFID
By Simon Lovegrove (UK), Imogen Garner (UK)
In 2015, the European Securities and Markets Authority (ESMA) published the results of a peer review that found that the level of implementation of MiFID’s best execution provisions, as well…
Corporate & Financial Weekly Digest
PRA Publishes Meeting Minutes With Notes on the Application of Best Execution to FX Derivatives and FX Spot Transactions
By Nathaniel Lalone, Carolyn H. Jackson
On May 16, the UK Prudential Regulation Authority published the minutes (Minutes) of a Foreign Exchange Joint Standing Committee meeting held on April 22. Notably, the Minutes summarize a presentation…
Banking, Finance and Securities
FCA comments on application of best execution to FX derivative and spot transaction
By Lucy Dodson (UK), Conor Foley (UK)
On 22 April 2016, the Foreign Exchange Joint Standing Committee held an additional meeting at the PRA. The minutes of that meeting have now been published, noting an FCA presentation…
Securities Law Prof Blog
Dolgopolov on Off-Exchange Market Makers
Stanislav Dolgopolov has posted Wholesaling Best Execution: How Entangled Are Off-Exchange Market Makers? on SSRN with the following abstract:This Article examines the reach of the duty of best execution to and…
Broker- Dealer Law Corner
Best Execution Standard Murkier Than Ever Despite So-Called “Guidance”
By Alan Wolper, UB Greensfelder
Based on the definition employed by Supreme Court Justice Potter Stewart in 1964, best execution is the opposite of hard-core pornography: no one seems to know it when they see…
Corporate & Financial Weekly Digest
FINRA Issues Guidance on Best Execution Obligations in Equity, Options and Fixed Income Markets
By Dina Wegh, James Van De Graaff, Ross Pazzol, Janet M. Angstadt
In light of the increasing use of automated markets for equity securities and standardized options, and recent advances in trading technology and communications in the fixed income markets, the Financial…
Banking, Finance and Securities
ESMA peer review report on best execution supervisory practices under MiFID
The European Securities and Markets Authority (ESMA) has published a report following its peer review on best execution under the Markets in Financial Instruments Directive (MiFID). During the peer review…
Corporate & Financial Weekly Digest
SEC Approves MSRB Best Execution Rule
On December 5, the Securities and Exchange Commission approved Municipal Securities Rulemaking Board (MSRB) Rule G-18 (Best Execution Rule) that will require municipal securities dealers to seek the most favorable…