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Best execution Meaning

Best execution is a regulatory obligation requiring brokers and other financial intermediaries to execute client orders under the most favorable terms reasonably available. The duty encompasses factors such as price, speed, likelihood of execution and settlement, size and the nature of the order. Brokers must balance these considerations to obtain the best overall result rather than focusing solely on price.

In the United States, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) enforce best execution standards, while Europe’s Markets in Financial Instruments Directive II (MiFID II) imposes similar requirements. Firms must establish and maintain policies and procedures to monitor execution quality, evaluate execution venues and document their rationale.

Clients may not always receive the absolute best price on every trade, but brokers are expected to demonstrate diligence and fairness. Transparency reports and periodic assessments help regulators and clients evaluate whether the firm is fulfilling its duty of care.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.