PT - JOURNAL ARTICLE AU - Ryan Larson TI - Best Execution: <em>Defining Best Execution in an Increasingly Complex Trading Environment</em> AID - 10.3905/jot.2010.5.4.046 DP - 2010 Sep 30 TA - The Journal of Trading PG - 46--49 VI - 5 IP - 4 4099 - https://pm-research.com/content/5/4/46.short 4100 - https://pm-research.com/content/5/4/46.full AB - As the trading environment becomes more and more complex with the introduction of new systems, regulation, and investment vehicles, best execution practices are becoming an integral part of the industry. However, defining best execution can be an arduous task because finding two sides that agree on a common definition can be even more of a challenge. This article explores and addresses the fiduciary responsibility of best execution for buy-side institutional managers and details the practices that it entails.TOPICS: Equity portfolio management, performance measurement, exchanges/markets/clearinghouses