Q&A · ESMA
Best Execution
Answered
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Because quote-driven systems have no order book, firms executing client orders through them should enter 'N/A' in the passive and aggressive order fields of their RTS 28 reports.
Details
| Reference | ESMA_QA_1066 |
|---|---|
| Issuer | ESMA |
| Published | 29 May 2019 |
| Answered | 29 May 2019 |
| Submitted | 29 May 2019 |
| ESMA topics | Best Execution |
| Earlier Q&A document | ESMA35-43-349 Investor protection Best execution Q&A 23 |
Provisions it relates to
- Article 27 MiFID II · Obligation to execute orders on terms most favourable to the clientInferred · 80%
- MiFID II (whole act)Explicit reference