Soft Dollars, Hard Choices

Smith, Harrell
April 2008
Securities Industry News;4/14/2008, Vol. 20 Issue 15, p4
Trade Publication
The author reflects on the issues surrounding rules related to soft dollar commission practices in the U.S and Great Britain. He says regulations implemented by the U.S. Financial Services Authority (FSA) and the Securities and Exchange Commission (SEC) are focused on technology and trading-related services. He believes matters involving execution management systems (EMS) and order management systems (OMS) add confusion to the situation. He fears the alteration of practice in soft-dollar payments.


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