Descripción general del requisito de «mejor ejecución»
Hantec Markets Limited está autorizada y regulada por la Autoridad de Conducta Financiera (Financial Conduct Authority, FCA) del Reino Unido y, conforme a las reglas de la entidad, estamos obligados a actuar favoreciendo los intereses de nuestros clientes y, salvo en ciertas circunstancias descritas a continuación, cuando ejecutamos u organizamos la ejecución de órdenes estamos obligados a tomar todas las medidas razonables a fin de obtener el mejor resultado posible para nuestros clientes (lo cual se conoce como facilitar la »mejor ejecución»), y a establecer e implementar una política de ejecución de órdenes y unos procedimientos relacionados que nos permitan hacerlo así.
Contamos con políticas y procedimientos internos que gobiernan la manera en que actuaremos cuando ejecutemos órdenes para nuestros clientes. Nos esforzamos continuamente por brindar a todos nuestros clientes el mejor nivel de servicio que sea posible. En consecuencia, nuestras políticas y procedimientos están sometidos a una constante revisión, y pueden ser revisados en cualquier momento sin previo aviso.
Centros de ejecución
Tratamos con los clientes como principal, y no como agente. Esto significa que nosotros somos el centro de ejecución, y por consiguiente los clientes realizan transacciones directamente con nosotros y no en una «bolsa» u otro mercado externo. Las transacciones que los clientes realizan con nosotros no son transferibles, lo cual significa que si un cliente abre una posición con nosotros, también debe cerrar la posición con nosotros.
Factores de ejecución
Aplicamos los siguientes factores de ejecución:
The Price – While we always aim to act in the best interest of our clients we cannot guarantee that the price at which we permit clients to execute a trade will be better than elsewhere. Prices on leveraged products are sourced from independent third party providers who supply liquidity to the market.
The Cost – We add a mark-up to the prices from our liquidity providers and publish the ‘’marked-up’’ prices that include our income. We will base the closing price of the relevant instrument for the purposes of margin requirements and any balance credits/debits.
Speed and Likelihood of Execution – Trades may be executed on our platform or by telephone or other forms of communication. Screen and telephone trades are subject to liquidity and market conditions and so we cannot guarantee that a client’s trade will be open or closed instantaneously. The speed and likelihood of execution is also subject to software, hardware and telecom/data line use and we cannot guarantee that this will not be free of interruption of suspension.
Quantity – We set the minimum and maximum quantity that clients may place on a trade. This is influenced by market conditions and firm policy and changes from time to time.
When arranging a transaction or executing a client order , we will take into account the following criteria for determining the relative importance of the execution factors referred to above:
Dealing with Client Orders
Subject to market conditions a client order will be executed at our price or very close to our price. The price clients receive at execution is not guaranteed as the market may widen, become very volatile or even gap. There is no guarantee that a client’s order will be executed.
If clients have any particular requirements as to how we act when dealing with them, then they must let us know and we will do our best to accommodate them. However, clients should be aware that where they give us specific instructions that are incompatible with our normal order execution policies and procedures, their specific instructions will take precedence.
This may result in a different outcome that would have been achieved had our normal policies and procedures been followed and , for Retail Clients and Professional Clients , we will not be required to deliver best execution in respect of the aspects of a client order which are covered by their specific instructions.
[Our normal policies and procedures take account of the costs that we would incur in transacting business. Transactions may be subject to additional charges. Where this applies, we will notify clients of the applicable charges before their order is executed.]
Our Duty of Best Execution
When executing orders for all the instruments we offer, we will take all sufficient steps to achieve the best possible outcome taking into account our Execution Policy and any specific instructions received from our clients.
Our policy cannot provide a guarantee, however, that the price at which we permit our customers to execute an order will always be better than one which is or might have been available elsewhere.
Achieving ‘Best Execution’
To achieve the best possible result, we will take a number of factors into account, including price, costs, speed of execution, likelihood of execution and settlement, size, nature of the order or any other factors relevant to the execution of that order.
We will use our own commercial experience and judgment in determining the relative importance of these factors, however, we have rated prices as the most important factor for obtaining the best possible result.
If we have classified a client as a Professional Client we will consider relevant FCA guidance to determine whether they are relying on us to deliver best execution. We understand that clients may be relying upon us to deliver best execution but the importance of execution may take precedence over price.
If we have classified a client as an Eligible Counterparty, there is no requirement under the FCA rules for us to deliver best execution to them. However we will comply with this policy in relation to Eligible Counterparty Business and maintain records of data which are used to set our prices.
We will review this policy at regular intervals and will monitor and review external pricing sources.
We will give clients 14 days written notice where we make any change to this policy and the client disclosure relating to this policy on our website.
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