The MillTechFX Blog
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Best execution is one of the most commonly used terms in foreign exchange (FX) and across other financial markets.
In 2012, Knight Capital had a catastrophic technical error. A legacy for loop within their trading system sent out 4 million unwanted trades within 45 minutes.
Under MiFID II, fund managers that hedge their exposure to foreign exchange (FX) risk frequently have a fiduciary duty to demonstrate FX best execution.