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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

best-execution requirement  

Definition 1.

The obligation of market makers, broker/dealers, and others to execute customer orders at the best price currently available.
 

Definition 2.

The obligation of Market Makers, broker/dealers, and others to execute customer orders at the best price available at the time the trade is entered. (See Market Maker)
 
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