NASD May Team With an Outside Execution Auditor
Traders Magazine, June 1998
The National Association of Securities Dealers is studying a plan to use a private auditor for monitoring the quality of market makers' executions.
The hiring of an outside outfit is now a top NASD priority since a federal appeals court ruled that best execution is no longer compatible with the best market available on U.S. exchanges the so-called national best bid and offer, or NBBO.
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