Trader selection and. stock market order execution policy Within the context of its order reception-transmission service provided for its Account Holders, SGSS is bound by an “obligation of due care” as to the ‘best selection’ of traders to whom it sends Account Holders’ orders for execution. The purpose of this obligation is to provide Account Holders with the best possible result when their orders are executed by these traders. To this end, SGSS has developed this trader selection and stock market order execution policy. SGSS acts with all the necessary competence, care and diligence for the selection and appointment of traders. In particular, it takes into account the expertise and reputation of the trader in question on the market, as well as all legal, statutory and practical requirements on the market. SGSS only selects traders who undertake to take all reasonable measures to obtain, in most cases and on the basis of the criteria defined below, the best possible result for the processing and execution of its Account Holders’ orders:
Appears in 4 contracts
Samples: Securities Account Agreement, Securities Account Agreement, Securities Account Agreement
