RT Journal Article
SR Electronic
T1 Transaction Costs and Best Execution
JF Trading
FD Institutional Investor Journals
SP 80
OP 86
VO 2005
IS 1
A1 Wayne H. Wagner
YR 2005
UL http://guides.pm-research.com/content/2005/1/80.abstract
AB This article presents a framework for thinking about trading and its costs upon which to base an effective investment-manager compliance program. An efficient and effective transaction process is vital to the satisfactory implementation of an investment strategy. The author shows why controlling transaction costs is an important component of successful investment management. He discusses the history of regulation and voluntary compliance standards, the surprising complexity of institutional trading, and concludes with some practical suggestions to reduce transaction costs and enhance performance.