Finance White Papers
Options for Providing Best Execution in Dealer Markets
Overview Based on an initial proposal by the FSA, IBM Global Business Services (IBM) has developed an approach to Best Execution in the Over-the-Counter (OTC) markets, as required by the Markets in Financial Instruments Directive (MiFID). The approach is based on a combination of a 'Benchmark' or reference price, used where possible to compare prices of OTC trades with sources external to an investment firm, increased disclosure on the method and inputs used by the firm to arrive at a price for an instrument, and an obligation on the firm to value the instrument objectively.
| Publisher | IBM | File Format | |
|---|---|---|---|
| Date Published | May 2006 | ||
| Format | White Papers | ||
| Topics | |||



