Best Execution refers to the obligation of a dealer or adviser to execute a trade on the most advantageous terms reasonably available under the circumstances when acting for a client.
On June 20, 2008, the CSA published amendments to NI 21-101 - Marketplace Operation relating to Best Execution.For more information:
- Concept Paper 23-402 - Best Execution And Soft Dollar Arrangements
- Notice of Proposed Amendments to NI 21-101 Marketplace Operation, Companion Policy 21-101CP, NI 23-101 Trading Rules and Companion Policy 23-101CP (July 14, 2006)
- Joint Canadian Securities Administrators/Market Regulation Services Inc. Notice on Trade-Through Protection, Best Execution and Access to Marketplaces (April 20, 2007)
- CSA Notice on Best Execution - Amendments to NI 21-101 Marketplace Operation and NI 23-101 Trading Rules (June 20, 2008)