Under the Directive 2014/65/EU on Markets in Financial Instruments (“MiFID II”), the ‘Guidelines and
Notices’ issued by the Monetary Authority of Singapore (the “MAS”), Parkside Invest is required to take
all sufficient steps to obtain the best possible result for clients when executing orders (or receiving and
transmitting orders) on their behalf, taking into account factors such as price, costs, speed, likelihood of
execution and settlement, size, nature, or any other consideration relevant to the execution of the
order.
We are required to provide clients with our Order Execution Policy (which can be found below) that
includes how we will handle specific client instructions, as well as the processes to monitor executions
and the evidencing of compliance to our policy.
Under MiFID II, we must also make disclosures to clients by publishing a report (under RTS 28) on
execution venue selection. This requirement is only applicable to PCE.
As described in our Order Execution Policy, we have not provided a list of the venues upon which we
place significant reliance. This is due to the fact that most Parkside Invest clients have existing custody
accounts through whom it is most beneficial to place client orders. To the extent Parkside Invest has
discretion over the choice of one execution venue over another, the selection of the execution venue
will be made based on which venue (or venues) provide for the best overall result for the client.
Parkside Invest undertakes on-going assessments of the execution venues used to determine whether
existing venues continue to provide for the best possible result for clients and also to review the
suitability of new execution venues. In making this assessment we will utilise information derived from
our own internal best execution monitoring tools and processes as well execution quality data reported
by execution venues under MiFID II and its implementing measures. This will include the following
factors:
i. Price;
ii. Liquidity;
iii. Execution and clearing costs;
iv. Clearing arrangements such as settlement reliability;
v. Execution venue trading controls; and
vi. Scheduled actions.
In executing client orders Parkside Invest does not receive any remuneration, discount or non-monetary
benefit for routing client orders to a particular execution venue which would infringe any conflicts of
interest or inducement requirements under MiFID II.
Notices’ issued by the Monetary Authority of Singapore (the “MAS”), Parkside Invest is required to take
all sufficient steps to obtain the best possible result for clients when executing orders (or receiving and
transmitting orders) on their behalf, taking into account factors such as price, costs, speed, likelihood of
execution and settlement, size, nature, or any other consideration relevant to the execution of the
order.
We are required to provide clients with our Order Execution Policy (which can be found below) that
includes how we will handle specific client instructions, as well as the processes to monitor executions
and the evidencing of compliance to our policy.
Under MiFID II, we must also make disclosures to clients by publishing a report (under RTS 28) on
execution venue selection. This requirement is only applicable to PCE.
As described in our Order Execution Policy, we have not provided a list of the venues upon which we
place significant reliance. This is due to the fact that most Parkside Invest clients have existing custody
accounts through whom it is most beneficial to place client orders. To the extent Parkside Invest has
discretion over the choice of one execution venue over another, the selection of the execution venue
will be made based on which venue (or venues) provide for the best overall result for the client.
Parkside Invest undertakes on-going assessments of the execution venues used to determine whether
existing venues continue to provide for the best possible result for clients and also to review the
suitability of new execution venues. In making this assessment we will utilise information derived from
our own internal best execution monitoring tools and processes as well execution quality data reported
by execution venues under MiFID II and its implementing measures. This will include the following
factors:
i. Price;
ii. Liquidity;
iii. Execution and clearing costs;
iv. Clearing arrangements such as settlement reliability;
v. Execution venue trading controls; and
vi. Scheduled actions.
In executing client orders Parkside Invest does not receive any remuneration, discount or non-monetary
benefit for routing client orders to a particular execution venue which would infringe any conflicts of
interest or inducement requirements under MiFID II.
