Selecting Brokers; Best Execution Sample Clauses
The 'Selecting Brokers; Best Execution' clause defines the standards and procedures a party must follow when choosing brokers to execute trades or transactions. It typically requires that the party act in good faith and use reasonable care to select brokers who can provide the most favorable terms, considering factors such as price, speed, and reliability. This clause ensures that the party responsible for executing trades seeks to obtain the best possible outcome for their client or principal, thereby protecting the interests of the client and promoting fairness in the execution process.
Selecting Brokers; Best Execution. Subject to the oversight of the Adviser and the Rules, the Sub-Adviser is authorized to select brokers or dealers that will execute the purchases and sales of portfolio securities for the Fund. With respect to brokerage selection, the Sub-Adviser shall seek to obtain the best overall execution for Fund transactions, which is a combination of price, quality of execution and other factors. The Sub-Adviser may, in its discretion, purchase and sell portfolio securities from and to brokers and dealers who provide the Sub-Adviser with brokerage, research, analysis, advice and similar services, and the Sub-Adviser may pay to these brokers and dealers, in return for such services, a higher commission or spread than may be charged by other brokers and dealers, provided that the Sub-Adviser determines in good faith that such commission is reasonable in terms either of that particular transaction or of the overall responsibility of the Sub-Adviser to the Fund and its other clients and that the total commission paid by the Fund will be reasonable in relation to the benefits to the Fund and its other clients over the long-term. The Sub-Adviser will promptly communicate to the officers and the trustees of the Trust such information relating to portfolio transactions as they may reasonably request.