The High Cost of Best Execution
U.S., European regulatory demands causing uncertainty, rising IT expenses
Market-structure-altering regulations in the U.S. and Europe are driving broker-dealers to adopt new technology or find ways to boost the performance of existing systems. But some firms may be avoiding the issue altogether.
The U.S. Regulation National Market System (NMS) became effective for market centers in March and for brokers in August, yet there still appears to be confusion--and in some cases apathy--about the compliance demands.
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