Our Best Execution Policy

On January 3rd 2018, MiFID II and MIFIR has come into force. The various new regulations relate to securities, derivatives and money-market instruments.

The European Union has two main objectives in implementing these uniform pan-European regulations: to strengthen competition between financial markets and to enhance client protection. It aims to achieve these objectives by increasing market transparency and through harmonised European supervisory rules for the provision of investment services. In the light of this, we are required to classify clients into legally determined categories on which the level of protection provided to them depends. A distinction is now made between professional clients and eligible counterparties.

In order to ensure that the orders transmitted to us are executed to the best possible standards, we have devised a Best Execution Policy. Furthermore please find our information leaflet “Client Information pursuant to the German Securities Trading Act (WpHG)” and a list of the execution venues, which are available for our clients.

Management Board: Carsten Bokelmann