Panellists agree that perfect best execution can’t be achieved and describe it as a ‘relative term’.
By Hayley McDowell email@example.com October 06, 2016 11:10 AM GMT
Demonstrating perfect best execution under MiFID II regulation cannot be achieved, according to industry experts from the financial technology (FinTech) world.
A panel of FinTech veterans at The TRADE’s MiFID II: Best Execution in Paris this week told delegates that market participants may not ever reach best execution.
Mark Ford, principal consultant at LiquidMetrix, said: “The answer is, nobody is perfect and there’s no such thing as perfect best execution,” he said.
See the full article on The Trade.
Just because something is difficult, doesn’t mean that you shouldn’t set it as a goal. The broker dealers who achieve the best possible execution available within the technical limitations for their clients should rise to the top.