In a recent interview with Traders Magazine, Jack Miller, Baird’s Director of Electronic Execution Services, shared his perspective on best execution and how the equity trading space has evolved since guidelines were published in 2003 by the Association for Investment Management and Research (AIMR). Miller explains:
“As a broker-dealer providing research and execution services to institutional investors, we’ve seen most of our clients adopt practices for broker selection and trade management that align with the AIMR recommendations,” Miller began. “That hasn’t changed. What has changed are the inputs and level of rigor placed around clients’ best execution processes.”
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