Best execution and order handling
MiFID and UK MiFID II require that investment firms must establish and implement effective arrangements for complying with the obligations to take all sufficient steps to obtain the best possible results for their clients when executing client orders or routing or placing client orders to other entities, including the firm’s affiliates or other third-party brokers, or when executing in response to a client RFQ where there is a legitimate reliance. Particularly, investment firms are required to establish and implement an order execution policy to maintain consistency in handling its client orders to achieve the best possible results in complying with the obligations.
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