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"In an ideal world, a router would simply look for the best execution," Mr. Christiansen said.
For the best execution time of TSA, we used different l values for TSA.
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Last year, the S.E.C. found, more than half were not meeting their obligation to provide the best execution for their customers' trades.
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.
Scheduling aims at finding the best execution time for a given implementation strategy.
Also included is a cost-based optimizer which automatically selects the best execution strategy for each job.
After a while, for example, everybody turns green, and the winners are the companies with the best execution.
Trading should be done in ways that get clients the best execution, and maximise performance.
Then again, even the best execution and intentions do not guarantee success.
"Praxair has the best execution track record in the industry," says Laurence Alexander, an analyst at Jeffries.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com