Common use of Professional Clients Clause in Contracts

Professional Clients. Where orders are executed on behalf of a professional client a range of factors may be considered in determining best execution. i. A company's execution policy should determine the relative importance of each of the execution factors or establish a process by which the company will determine the relative importance of the execution factors. ii. The relative importance that the company gives to those execution factors must be designed to obtain the best possible result for the execution of its professional clients’ orders. The characteristics of the client (including the categorisation of the client as retail or professional) will have a bearing on the company’s determination of the various factors’ relative importance. iii. Ordinarily, the regulators would expect that price will merit a high relative importance in obtaining the best possible result for professional clients. However, in some circumstances for some professional clients, orders, financial instruments or markets, the policy may appropriately determine that other execution factors are more important than price in obtaining the best possible execution result. For further information, please visit xxx.xxxxx.xxx.xx.

Professional Clients. Where orders are executed on behalf of a professional client a range of factors may be considered in determining best execution. i. A company's execution policy should determine the relative importance of each of the execution factors or establish a process by which the company will determine the relative importance of the execution factors. ii. The relative importance that the company gives to those execution factors must be designed to obtain the best possible result for the execution of its professional clients’ orders. The characteristics of the client (including the categorisation of the client as retail or professional) will have a bearing on the company’s determination of the various factors’ relative importance. iii. Ordinarily, the regulators would expect that price will merit a high relative importance in obtaining the best possible result for professional clients. However, in some circumstances for some professional clients, orders, financial financial instruments or markets, the policy may appropriately determine that other execution factors are more important than price in obtaining the best possible execution result. For further information, please visit xxx.xxxxx.xxx.xx.