European Brokerage · glossary
The bank that carries out each order Thalvia passes on: Holmbrecht Bank AG, in Frankfurt. It also holds the clients’ investments and part of their money. The client never deals with it, and it pays Thalvia nothing. Clause 2, “Executing Bank” · Chapter 1 · see Best execution, Safekeeping
Explained in Chapter 1, What an Online Broker Does, and Why Its Client Agreement Matters, of European Brokerage.
Thalvia does not carry out the orders itself. Holmbrecht, a bank in Frankfurt, is its executing bank: the bank that carries out each order on the exchange.Read Chapter 1, What an Online Broker Does, and Why Its Client Agreement Matters →
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means Holmbrecht Bank AG, Frankfurt, Germany, which executes the Orders we pass to it and holds your Financial Instruments as sub-custodian;Read the definition in the document →
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