OPEN LETTER: BEST EXECUTION – IS MARKET SHARE REALLY THE BEST INDICATOR?

Under the forthcoming MiFID II, firms will be required to take ‘all sufficient steps’ to achieve the best possible trading results for their clients. This is an upgrade from MiFID I’s stipulation that firms take ‘all reasonable steps’. And yet, the fact remains that many brokers are not taking enough reasonable steps, let alone all sufficient ones.
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