Commentary

Joanna Fields
Traders Magazine Online News

Navigating Cybersecurity on a Stretch of "Regulatory Rapids"

In this shared commentary, Aplomb Strategies writes that when considering a firm’s governance structure, a holistic approach makes the most sense.

Traders Poll

Would you feel better if the Chicago Stock Exchange were purchased by U.S. firm or consortium rather than a foreign one?

Yes

73%

No

4%

Doesn't matter to me

23%

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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.