The document outlines Hudson Bay Capital's approach to selecting broker-dealers for executing transactions for clients. It discusses factors considered for best execution, including price, transaction costs, and broker-dealer services. It also covers the use of Electronic Communications Networks (ECNs) and the concept of 'soft dollar' benefits, where Hudson Bay Capital may pay higher commissions for additional brokerage and research services.
doj/DataSet10/EFTA01384573.pdf
{"key_people":["Hudson Bay Capital"],"document_type":"correspondence","document_subtype":"memo","key_organizations":["Hudson Bay Capital"],"reference_numbers":["DB-SDNY-0084870","SDNY_GM_00231054","EFTA01384573"]}