T Rowe Price Taps ICE for Best Execution

ICE's Best Execution service will allow investment manager to meet obligations through execution quality analysis.

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The use of ICE's fixed income CEP will allow T Rowe Price to gauge execution quality on a trade-by-trade basis.

T Rowe Price will use the Intercontinental Exchange (ICE) Group’s Best Execution service as a means of monitoring best-execution obligations in fixed-income securities and enhancing its transaction-cost analysis capabilities, the exchange operator announced on August 1. The service uses ICE’s Continuous Evaluated Pricing (CEP) for a quantitative means of measuring execution quality. It gauges this quality on a trade-by-trade basis against comparable transactions and provides a backbone for

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