AMG: Fixed-Income Best Execution Is Performance Over Time

Yesterday, over 100 industry members of SIFMA attended a Lunch & Learn event on Fixed-Income Best Execution Guidelines for asset managers.

The AMG is close to completing a series of guidelines by which asset management firms can leverage in order to model their own fixed-income best execution policies.

Joseph Sack moderated a panel that included Barry Barbash of Willkie Farr & Gallagher, Paul Disdier of The Dreyfus Corporation, Maria Dwyer of MFS and Dick Weil of PIMCO.

The panelists and attendees agreed that you cannot measure fixed-income best execution on a trade-by-trade basis, nor is price the sole determinant factor in best execution. Members discussed how best execution should be measured by performance over time and other elements, such as speed of execution, STP and asset class, which are significant factors in determining best execution.

For more information on this buy side initiative of the AMG, please contact Joseph Sack at 646-637-9265 or jsack@sifma.org.

Attendees Panelists










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