ACHIEVING BEST EXECUTION Sample Clauses

ACHIEVING BEST EXECUTION. Order handling and execution factors “Best execution” means, for the purposes of XxXXX XX that when we transact for our clients we take all sufficient steps to achieve the best possible result across all orders on a consistent basis for any financial instrument covered by XxXXX XX. For retail clients, the best possible result is determined primarily in terms of the total consideration achieved when executing orders for clients We take into account the following factors:  Price  Costs  Speed  Likelihood of execution and settlement (liquidity);  Size  Type and characteristics of the financial instrument  Characteristics of the possible execution venues; and  Any other consideration relevant to the execution of the order. When we receive an order from you, we will consider the different execution factors as described below, in the context of the instructions that you have provided to us, to form a suitable execution strategy to enable us to obtain the best possible result for you Order Type Price Speed Costs Likelihood of execution/Size VWAP Important Somewhat important Somewhat important Important TWAP Important Somewhat important Somewhat important Important POV Important Somewhat important Somewhat important Important POV with discretion Important Somewhat important Somewhat important Important IS (Implementation short fall) Important Somewhat important Somewhat important Important Get done within limit Important Important Somewhat important Somewhat important Target close Important Somewhat important Somewhat important Important Intraday marketable limit order Somewhat important Important Somewhat important Important Iceberg Somewhat important Important Somewhat important Important Order for close Somewhat important Important Somewhat important Important Dark/passive order (mid-point peg) Somewhat important Important Somewhat important Important Key Execution factors: