With the proliferation of technology-driven trading, it is more important than ever for brokers and investment advisers to have a complete understanding of how their orders are handled, routed, and executed. Regulators are increasingly focused on modernizing brokers' and investors' fiduciary and best execution obligations to reflect modern markets and advancements in analytics, and we are too.

Healthy Markets is working to promote data transparency so firms can engage in more meaningful qualitative and quantitative reviews of their service providers. At the same time, we are working to develop and promote best practices and standards for execution reviews and analysis. Collectively, these efforts are intended to help enable investment advisers and brokers to continue to protect investors in rapidly evolving markets.

On April 20, 2017, we released our second edition of Better Best Execution, which is designed to help investors understand their Best Execution obligations. This report, which is made available to only Healthy Markets' Members, provides an overview of the legal underpinnings for best execution for investment advisers, reviews common practices for investment advisers looking to fulfill their duties, and offers tips on where regulators and firms are going in the years ahead.