Best execution woes ongoing for small hedge funds
One year since the UK Financial Conduct Authority’s damning review into best execution practices, small hedge funds are still fixated over how to achieve the best price
In July 2014, the Financial Conduct Authority (FCA) issued its report on banks and asset managers' best execution practices, blasting firms' understanding of what they needed to do to justify and monitor whether they were achieving best prices – and costs and speed and safety – in execution.
"Many firms do not understand key elements of our requirements and are not embedding them into their business practices… Our review identifies a significant risk that best execution is not being delivered to
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