Q&A · ESMA
Best Execution
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
An OTF operator owes best execution to brokers that are its clients and applies its own execution policy to their orders, while each broker must assess whether the OTF lets it meet its own best-execution duties to its clients; DEA orders are executed as orders of the broker, and the operator may refuse DEA altogether.
Details
| Reference | ESMA_QA_1056 |
|---|---|
| Issuer | ESMA |
| Published | 3 Oct 2017 |
| Answered | 3 Oct 2017 |
| Submitted | 3 Oct 2017 |
| ESMA topics | Best Execution |
| Earlier Q&A document | ESMA35-43-349 MiFID II Investor protection Best execution Q&A 16 |
Provisions it relates to
- Article 4 MiFID II · DefinitionsExplicit reference · 90%
- MiFID II (whole act)Explicit reference