Winterflood shines a light on best execution

Following a recent FCA platform market study, which explored best execution and the role of market makers, Wealth Adviser took the opportunity of setting up a question and answer interview with Ben Jowett (pictured), head of business development & client sales at Winterflood Securities…”

How does market making in securities work on retail service provider networks?

A broker or asset manager looking to trade via the retail service provider (RSP) network on behalf of their client, sends a quote request electronically to several market-makers. All market-makers on that respective firms’ selected panel, and who deal in that stock, then submit their best price available for the requested size within a few milliseconds. Typically, the best price wins the order.