Best Execution

Business, Legal & Accounting Glossary

Definition: Best Execution

Quick Summary of Best Execution

The Stock Exchange rule that requires brokers to carry out a deal on behalf of a client at the best price available in the market. The concept of best price is hard to define. If a broker thinks that the market is falling, should they hang on before buying? Brokers have some discretion but, generally speaking, they execute deals immediately (as much for their own protection as anything else). Timely execution means carrying out the deal within 20 minutes of receiving the client instruction.

Cite Term

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Page URL
Modern Language Association (MLA):
Best Execution. Payroll & Accounting Heaven Ltd. October 25, 2021
Chicago Manual of Style (CMS):
Best Execution. Payroll & Accounting Heaven Ltd. (accessed: October 25, 2021).
American Psychological Association (APA):
Best Execution. Retrieved October 25, 2021, from website:

Definition Sources

Definitions for Best Execution are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.