Investment
最佳执行
A regulatory and fiduciary standard requiring portfolio managers and brokers to execute client trades under the most favorable terms available, considering price, speed, cost, and likelihood of execution (MiFID II, SEC, CFA Institute).
Quick answer: A regulatory and fiduciary standard requiring portfolio managers and brokers to execute client trades under the most favorable terms available, considering price, speed, cost, and likelihood of execution (MiFID II, SEC, CFA Institute).
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Quick answer
A regulatory and fiduciary standard requiring portfolio managers and brokers to execute client trades under the most favorable terms available, considering price, speed, cost, and likelihood of execution (MiFID II, SEC, CFA Institute).
Why it matters
最佳执行 matters because it supports clear communication in Investment contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Editorial context
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Definition
A regulatory and fiduciary standard requiring portfolio managers and brokers to execute client trades under the most favorable terms available, considering price, speed, cost, and likelihood of execution (MiFID II, SEC, CFA Institute).
Operational example
Investment firms must document their best execution practices and review trade outcomes to ensure compliance with regulatory requirements.
Localized example
投资公司必须记录最佳执行实践并审查交易结果，以确保符合法规要求。
Definition language
English reference definition
Source
CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
Target audience
- Financial Analysts
- Bankers
- Traders
