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A Process Model for Best Execution

  • Conference paper
Book cover Enterprise Applications and Services in the Finance Industry (FinanceCom 2007)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 4))

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Abstract

The MiFID is regarded as the core of EU financial market regulation. One of its quintessential features is the best execution of client orders. Best execution is virtually impossible to define; it is rather the definition of a suitable process for best execution compliance. To identify an appropriate approach, we analyze MiFID’s requirements and develop a best execution process model with emphasis on minimal requirements to ensure MiFID compliance without real-time information. We also present an approach that extends the process model towards dynamic best execution.

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References

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Author information

Authors and Affiliations

  1. Research Center for Information Technologies (FZI), Haid-und-Neu-Straße 10-14, 76131, Karlsruhe, Germany

    Tobias Conte

  2. Institute of Information Systems and Management (IISM), University of Karlsruhe, Englerstr. 14, 76131, Karlsruhe, Germany

    Matthias Burghardt

Authors
  1. Tobias Conte
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  2. Matthias Burghardt
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Editor information

Daniel J. Veit Dennis Kundisch Tim Weitzel Christof Weinhardt Fethi A. Rabhi Federico Rajola

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© 2008 Springer-Verlag Berlin Heidelberg

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Conte, T., Burghardt, M. (2008). A Process Model for Best Execution. In: Veit, D.J., Kundisch, D., Weitzel, T., Weinhardt, C., Rabhi, F.A., Rajola, F. (eds) Enterprise Applications and Services in the Finance Industry. FinanceCom 2007. Lecture Notes in Business Information Processing, vol 4. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-78550-7_2

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  • DOI: https://doi.org/10.1007/978-3-540-78550-7_2

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-78549-1

  • Online ISBN: 978-3-540-78550-7

  • eBook Packages: Computer ScienceComputer Science (R0)

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