Saturday, June 24, 2017
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TAG :: AboutBestExecution
About Best Execution
How can TAG help you with Best Execution? TAG can make it easy to satisfy your regulatory reporting requirements for the US and Europe. The latest Best Execution requirement is Markets in Financial Instruments Directive (MiFID) in Europe that requires firms to take reasonable steps to achieve the best possible execution of client orders and also to prove that they have done so. Firms must publish explicit execution policies and demonstrate that they are adhering to them.
In the US, as the Securities and Exchange Commission (SEC) has defined firm’s obligations as follows: In deciding how to execute orders, brokers have a duty to seek the best execution that is reasonably available for their customers' orders. That means that brokers must evaluate the orders they receive from all customers in the aggregate and periodically assess which competing markets, market makers, or electronic communications networks (ECNs) offer the most favorable terms of execution. Some of the factors brokers need to consider when executing their customers' orders for best execution include: the opportunity to get a better price than what is currently quoted, the speed of execution, and the likelihood the trade will be executed.

TAG provides comprehensive, online execution quality products and services that deliver:
  • A level of analysis that easily adds value to your business intelligence.
  • Proof of regulatory compliance that is useful in informing and impressing prospective and existing clients.

We built our creditable reputation by only doing what we do best, providing excellent products and services that focus on trade measurement and market quality.

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