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Soft Dollars and Best Execution

Traders Magazine, January 2004

Nina Mehta

One controversial regulatory change under debate could have benefits for best execution, say some trading pros. It could also give the partnership between traders and portfolio managers an unintended boost. If soft dollars are eliminated or scaled back, buyside traders would have more discretion over order flow. "Then we wouldn't have to trade with particular brokers," said Paula Peter, manager of equity trading at Pittsburgh-based Mellon Private Wealth Management. "We would more actively pursue alternate sources of execution, controlling more of the execution on our desk."

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