Common use of Execution Factors Clause in Contracts

Execution Factors. The Trading Advisor will exercise its own discretion in determining the factors that the Trading Advisor needs to take into account for the purpose of providing clients with the best possible result. These execution factors in the markets in which the Trading Advisor operates will include, but are not restricted to: i. Size, nature and characteristic of the order; ii. Speed of execution; iii. Price and cost of execution; iv. Market impact; v. Likelihood of execution and settlement; vi. Execution risk; vii. Any other consideration relevant to the execution of the order. Price will ordinarily merit a high relative importance in obtaining the best possible result. However, in some circumstances the Trading Advisor may appropriately determine that other execution factors are more important than price in obtaining the best possible execution result. The Trading Advisor will determine the relative importance of the execution factors by using its commercial judgment and experience in light of market information available and taking into account the execution criteria.