Institutional investors expect trading best execution from their investment managers. But what constitutes trading best execution? What is the best benchmark to gauge trading success? Allianz Global Investors Capital's head trader, Kevin Chapman, shares his insights in "Trading Best Execution: A Framework For Comparison" from A Guide to Global Liquidity II (2010) published by Institutional Investor Journals. Please contact your Allianz Global Investors Capital representative for a reprint.