European Brokerage · glossary
A broker’s duty to take all sufficient steps to get each client the best possible result. For a retail client, that means the best total of price and costs. It is a duty to choose and check the executing bank well, not a promise of the last price seen. Clause 7.1 · Chapter 5 · see Order execution policy
Explained in Chapter 5, Best Execution: Orders and the Execution Policy, of European Brokerage.
When a client taps the order button, Thalvia passes the order to Holmbrecht, which carries it out on the exchange. The law gives Thalvia a duty of best execution: it must take all sufficient steps to get each client the best possible result. For a retail client, that means the best total of the price and the costs. The duty governs how Thalvia chooses and checks Holmbrecht, not the price the client last saw.Read Chapter 5, Best Execution: Orders and the Execution Policy →
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