Keith Hill
Keith Hill

Treasury Best Practice– the role of FX automation - Best execution - a fundamental part of best practice

Keith Hill explains how best execution may have become a fundamental part of best practice in FX trading, but there is still considerable disagreement about how to define it.

First Published: e-Forex Magazine 22 / FOCUS / January, 2006

Best execution may have become a fundamental part of best practice in FX trading, but there is still considerable disagreement about how to define it. Keith Hill, Head of Sales, EMEA at FXall, argues that it goes far beyond best price to encompass a wide range of factors from banking relationships through to compliance.Best execution is increasingly important for corporate treasurers for many reasons, including the desire to enhance performance and save money, and the shift in the treasury’s role from administrative to strategic function. For treasurers, achieving best execution has a direct and demonstrable effect on their company’s performance. While asset managers are saving money on behalf of their investors, every cent a corporate saves on an FX transaction has an impact on the bottom line.Despite the considerable attention best execution has received from market participants, industry analysts and the press, there is still little consensus over what it comprises. To some, best execution...continued

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