Best Execution Factors. In using its best efforts to obtain the most favorable price and execution available, the Sub-Adviser, bearing in mind at all times the Fund’s best interests, shall consider all factors it deems relevant, including by way of illustration: price; the size of the transaction; the nature of the market for the investment; the amount of the commission; the timing of the transaction taking into account market prices and trends; the reputation, experience and financial stability of the broker, dealer, or futures commission merchant involved; and the quality of service rendered by the broker, dealer or futures commission merchant in other transactions.
Best Execution Factors. The Company shall take all sufficient steps to obtain the best possible result for its Clients, taking into consideration the following factors when executing Clients’ orders. The list of factors mentioned below is not exhaustive, and the order of presentation does not reflect the importance. When specific client instructions are provided to the Company, those are taken into consideration to execute an order accordingly:
Best Execution Factors. The Company shall take all reasonable steps to obtain the best possible results for its customers, nevertheless, following factors might affect executing customers orders against the Company’s quoted prices: Price: For any given CFD, the Company will quote two prices: the higher price (ASK) at which the customer can buy the desired CFD, and the lower price(BID) at which the customer can sell that CFD; both are referred to as the Company’ price. Such orders as Buy Limit, Buy Stop and Stop Loss, Take profit for opened short position are executed at ASK price. Such orders as Sell Limit, Sell Stop and Stop Loss, Take profit for opened long position are executed at BID price. The Company’s pricefor a given CFD is calculated by reference to the price of the relevant underlying asset, which the Company obtains from third party external reference sources. The Company’s prices can be found on the Company’s website. The Company updates its prices as frequently as the limitations of technology and communications allow. The Company reviews its third party external reference sources at least daily to ensure that the data obtained continues to remain competitive. The Company will not quote any price outside the Company’s operations time. For the ECN model, prices are obtained directly from well-known brokers and banks through an electronic execution system. The Company's execution system will automatically aggregate all available liquidity and will provide to Clients the best possible prices available If the price reaches an order such as: Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, or Sell Stop, these orders are instantly executed. But under certain trading conditions, it may be impossible to execute orders (Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop) at the declared customers price. In this case the Company has the right to execute the order at the first available price. The minimum level for placing Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit and Sell Stop orders, for a given CFD, is specified under Contract Specifications on company‘s website.
