Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




Free Site Registration

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.