{
  "id": "workflow:best-execution-review",
  "_kind": "Workflow",
  "_file": "workflows/workflows/workflows-trading-compliance.yaml",
  "_cluster": "workflows",
  "attributes": {
    "displayName": "Best Execution Review",
    "workflowKind": "governance",
    "triggerType": "scheduled",
    "typicalCadence": "monthly",
    "complexity": "cross-team",
    "description": "Analyzes execution quality against MiFID II and Reg NMS\nbest-execution benchmarks — measuring implementation shortfall versus\narrival price, VWAP, and TWAP benchmarks, evaluating venue selection\nand smart order routing effectiveness, analyzing broker algorithm\nperformance with per-broker scorecards, reviewing execution costs\nacross explicit (commissions, exchange fees) and implicit (spread,\nmarket impact) components, assessing order handling and routing\npractices for conflicts of interest, and preparing best-execution\npolicy compliance documentation. Produces best-execution review\nreports, broker ranking tables, and regulatory compliance\nattestations. Excludes execution algorithm development and order\nrouting infrastructure changes.\n"
  },
  "outgoingEdges": [
    {
      "from": "workflow:best-execution-review",
      "to": "role:compliance-officer",
      "kind": "involves_role",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "role:trading-systems-engineer",
      "kind": "involves_role",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "role:quantitative-analyst",
      "kind": "involves_role",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "skill-area:python-data-pipelines",
      "kind": "requires_skill_area",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "domain:regulatory-finance",
      "kind": "applies_to_domain",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "domain:trading-operations",
      "kind": "applies_to_domain",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "domain:capital-markets",
      "kind": "applies_to_domain",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "responsibility:regulatory-reporting",
      "kind": "triggers_responsibility",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "org-unit:trading-compliance",
      "kind": "performed_by_org_unit",
      "attributes": {}
    },
    {
      "from": "workflow:best-execution-review",
      "to": "org-unit:trading-desk",
      "kind": "performed_by_org_unit",
      "attributes": {}
    }
  ],
  "incomingEdges": []
}