The vagaries of best execution

I'm not an overly philosophical person – in fact I'd go one step further and describe myself as somewhat philosophically and spiritually barren. But at the risk of sounding marginally philosophical, I feel I must quote a pretty universal truism related to this month's feature: so much in life boils down to an issue of interpretation and semantics. Nowhere is this more evident than in the financial services industry when it comes to the nebulous concept of best execution.

The problem is that