Commentary

Jared Dillian
Traders Magazine Online News

The Great Rebalancing

In this guest blog, the author examines the need for portfolio rebalancing as time progresses.

Traders Poll

Do you feel today's market data fees are justified given the technological expense required to generate them?



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February 1, 2003

A Closer Look at Best Execution

By Gregory Bresiger

Among the new AIMR guidelines:

* Establishment of trade management policies and procedures that seek to maximize the value of client's portfolio within that client's investment objectives and constraints.

* Establishment of a trade management oversight committee.

* Implementation of firm wide trade management policy or policies.

* Implementation of a trade evaluation process.

* Establishment of clear firm-wide guidelines on broker selection and development of an approved brokers list.

* Firms should clearly disclose the actual and potential conflicts of interest that arise from step-outs, research obtained through soft dollars and interest in or material business relationships with market making firms.