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Best execution and order handling

We are required to take all sufficient steps to obtain, when executing orders, the best possible result for our clients taking into account various execution factors.  These factors include price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of an order.

In order to comply with our best execution obligations we have established and implemented a best execution and order handling policy.  Please see below the current version of our policy.

Best Execution and Order Handling Policy

As explained in our policy, we will either execute orders ourselves, or pass orders to a third party for execution, such as a broker.  Below are a series of tables showing the top five venues in terms of trading volumes where we executed client orders in 2017.  The format of the data tables is prescribed by regulation.  Additional information has been provided with each table to better enable you to understand or execution practices.











Equities - Shares & Depository receipts

  • Tick size liquidity bands 5 and 6 (from 2000 trades per day)

 

 

  • Tick size liquidity bands 3 and 4 (from 80 to 1999 trades per day)




  • Tick size liquidity bands 1 and 2 (from 0 to 79 trades per day)

 

 

 

Professional broker CSV file
Professional execution venue CSV file
Retail broker CSV file
Retail execution venue CSV file

Professional broker CSV file
Professional execution venue CSV file
Retail broker CSV file
Retail execution venue CSV file


Professional broker CSV file
Professional execution venue CSV file
Retail broker CSV file
Retail execution venue CSV file

 

 

Debt instruments

  • Bonds
Retail broker CSV file
Retail execution venue CSV file
Professional execution venue CSV file

Securities Derivatives

  • Warrants and Certificate Derivatives
Professional execution venue CSV file
Retail execution venue CSV
Exchanged traded products (Exchange traded funds, exchanges traded notes and exchange traded commodities) Professional execution venue CSV file
Retail execution venue CSV

Other instruments

Professional execution venue CSV file
Retail execution venue CSV file