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There appears to have been some creative legal thinking that suggested that Finra's requirement for "best execution" of trades would bar executing trades in illiquid markets at prices the broker deemed unreasonable.
A decade ago, there was an obligation for "best execution" of orders.
"However, we remain strong advocates of a level playing field that allows every exchange and qualified trading venue to compete for best execution through a system of linkages".
The study likewise incorporates the arrangements of customization of the feature extraction modules and classifiers for best execution.
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For the best execution time of TSA, we used different l values for TSA.
"In an ideal world, a router would simply look for the best execution," Mr. Christiansen said.
The retail brokers contend that the internalizers allow them to get the quickest and best execution for their customers.
Last year, the S.E.C. found, more than half were not meeting their obligation to provide the best execution for their customers' trades.
"Our number one priority is getting best execution for our customers".
Online trading firm Datek asks in one current ad: "Are you getting the best execution for your trade?" Who knows?
In fact, an SEC study last year found 17 of 29 online brokers were placing more importance on securing their flow payments than on getting the best execution for their customers.
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CEO of Professional Science Editing for Scientists @ prosciediting.com