European Brokerage · glossary
Thalvia’s written rules on how it gets each client the best result: for retail clients, the best total of price and costs. Schedule 1 summarises it and the full text is in the app. The client agrees to it by accepting the Client Agreement. Schedule 1, paragraph 1 · Chapter 5 · see Best execution
Explained in Chapter 5, Best Execution: Orders and the Execution Policy, of European Brokerage.
The last sentence makes the client agree to the order execution policy, Thalvia’s written rules on how it gets the best result. MiFID II requires that agreement from a firm that carries out orders itself. Thalvia does not, but it asks for the agreement anyway, in the terms the client accepts in the app. Schedule 1 summarises the policy, and its first paragraph sets the priorities…Read Chapter 5, Best Execution: Orders and the Execution Policy →
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