Series 7: 17.6.5.4. Best Execution And Interpositioning

Taken from our Series 7 Online Guide

17.6.5.4. Best Execution and Interpositioning

Brokers are required to make reasonable efforts to find as favorable a price as possible for a customer’s transaction given the prevailing conditions of the market. In deciding how and where to execute a trade, a broker-dealer is expected to consider these factors: (1) the character of the market for the security, including its price, volatility, and liquidity; (2) the size and the type of transaction; (3) the number of markets checked; (4) the accessibility of the quotation; and (5) the terms and conditions of the transaction as communicated to the broker-dealer.

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