Achieving Best Execution: The Quick and the Dead

The first issue that firms need to grapple with is deciding what the definition of the subjective term "best execution" means to them, says Blander, who sees the definition vary by the type of trading traders do.

The two most popular definitions tend to be based and price and speed. "Both are important metrics," says Blander.

Of the two variables, those based on price tend to be easier to quantify since "the better price on the trade the more money you make on the trade," says Blander.

Speed