Q&A · ESMA
Best execution
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
A firm may use a single execution venue for a class of instruments only if it can show this consistently gets the best result for clients, which requires regularly assessing alternative venues, for example using RTS 27 data, and documenting the venue selection factors in its execution policy.
Details
| Reference | ESMA_QA_1018 |
|---|---|
| Issuer | ESMA |
| Published | 16 Dec 2016 |
| Answered | 16 Dec 2016 |
| Submitted | 16 Dec 2016 |
| ESMA topics | Best Execution |
| Earlier Q&A document | ESMA35-43-349 MiFID Investor Protection Q&A Best Ex nr.3 |
Provisions it relates to
- Article 27 MiFID II · Obligation to execute orders on terms most favourable to the clientInferred · 90%
- MiFID II (whole act)Explicit reference