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Best Execution
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Best execution - also known as "at best" - is the London Stock Exchange rule which puts an obligation on any dealer in the market to carry out a transaction on behalf of his client at the best possible price available in the market at the time of the deal.
For a seller this means the highest possible selling price and for a buyer, the lowest possible buying price. The effectiveness of the rule is monitored through SEAQ - the stock exchange automated quotation system.
See Also: Online share dealing service Stockmarket Centre
Last Updated: May 2007 © Moneyextra.com
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.