Best Execution MiFID 2: Meeting the New MiFID Standards Seminar (H1050)
Trade outcomes reply on best executions and implementations of well-structured policies. This interactive 7-hour CPD seminar explores how you can minimize trading costs while ensuring compliance with best executions obligations.
Table of Contents
- About the Course
- Who Should Attend
- Key Learning Objectives
- Course Curriculum
- Meet the Trainer
- FAQs – Frequently Asked Questions
- Other Upcoming Courses
- Fees & Registration Details
- Registration Form
About the Course
Embark on a transformative learning experience with our Best Execution course, tailored for finance professionals and traders seeking mastery in optimizing trade execution strategies. In this comprehensive program, participants will delve into the intricacies of achieving optimal trade outcomes, exploring key components such as market structures, algorithmic trading, and transaction reporting.
The course not only navigates the regulatory landscape surrounding Best Execution but also provides practical insights into implementing effective execution policies. Learn how to enhance decision-making processes, minimize trading costs, and navigate the complexities of different trading venues. Elevate your expertise and gain a competitive edge in the dynamic world of finance by enrolling in our Best Execution course, where knowledge meets execution excellence.
Register via ERMIS platform using code 687576
Timetable
Who Should Attend
This seminar on Best Execution is designed for:
- Financial Service Professionals: If you work in banking, investment, or financial advisory services, this course is for you.
- Compliance and Legal Experts: Stay updated with the latest regulatory requirements and best practices.
- Aspiring Financial Regulators: Gain a foundational understanding of one of the most important financial regulations in the EU.
- Financial Industry Service Providers: Enhance your service quality by anticipating your clients’ needs and staying ahead of the competition.
Key Learning Objectives
By the end of the seminar on Best Execution (MiFID II Compliance Training), participants will be able to:
- Gain comprehensive knowledge of MiFID II specifications and requirements around the Best Execution framework.
- Understand the outcomes through factors such as price, cost, speed, and execution likelihood when handling client orders.
- Navigating dynamic market conditions with adaptive strategies that uphold the highest standards of compliance and ethical conduct.
- Acquire risk mitigation techniques associated with best execution practices
- Implementing transparent trade execution processes, providing clear and understandable information to clients about execution methods, costs, and potential conflicts of interest.
- Adaptation to dynamic market conditions, demonstrating resilience and agility in decision-making.
- Utilizing technology and infrastructure to enhance efficiency, accuracy, and reliability in trade executions
- Commitment to continuous improvement, refining execution strategies based on market developments, client feedback, and regulatory updates.
- Prioritizing clients’ best interests and optimizing trade outcomes. • Leveraging technology and infrastructure for efficient, timely, and reliable trade executions.
- Promoting transparency in trade execution processes, valuing clear communication with clients about execution methods, costs, and potential conflicts of interest.
- Inclination towards continuous learning and improvement, recognizing the evolving nature of the financial landscape, and staying abreast of market trends and regulatory updates.
Course Curriculum
The seminar agenda for this online CPD seminar on Best Executions, is divided into 4 modules. More specifically:
Module 1 | Introduction to Best Execution
- Best Execution requirements under MiFID II
- Elements of client trade orders
- Article 27 of MiFID II – Obligation for favorable terms
- Article 66 of MiFID II – Execution policy
Module 2 | Best Execution Requirements
- Execution factors and their weighing
- Total Consideration
- Practical Examples
- Best Execution Criteria
- Reasonable Steps vs Sufficient Steps
- Clients that are Eligible Counterparties
Module 3 | Best Execution Policy
- Dealing with Speculative Products/CFDs
- Dealing with OTC financial products
- Dealing on own account
- CySEC Circular C343 – Thematic Review of Best Execution
Module 4 | Best Execution Reporting
- Post-trade transparency RTS 27
- Post-trade transparency RTS 28
- Monitoring
- Analysis of Specific Cases and Their Treatment
*This training program is designed to support continuing professional development (CPD). Participants are encouraged to verify with their professional body or regulatory authority whether the training meets their individual or institutional CPD requirements.
Meet the Trainer
Fees & Registration Details
FAQs – Frequently Asked Questions
Best Execution refers to the obligation of investment firms to take all sufficient steps to achieve the best possible result for their clients when executing orders. This encompasses various factors, including price, costs, speed, likelihood of execution and settlement, size, nature, or any other relevant considerations. MiFID II emphasizes a comprehensive approach, ensuring that firms prioritize their clients’ interests in every transaction
MiFID II has elevated the standards by shifting from the “all reasonable steps” requirement under MiFID I to “all sufficient steps.” This change mandates firms to be more proactive and thorough in their execution processes. Additionally, MiFID II introduces stricter transparency and monitoring obligations, requiring firms to publish detailed reports on their execution practices and the quality of execution achieved.
Best Execution is crucial as it ensures that clients receive the most favorable terms for their transactions, fostering trust and integrity in financial markets. For professionals, adhering to Best Execution standards is not only a regulatory requirement but also a competitive advantage, demonstrating a commitment to client-centric service and ethical practices.
Firms often encounter challenges such as integrating data from multiple platforms, ensuring consistent execution quality across various instruments, and maintaining up-to-date execution policies. The complexity of financial markets and the need for real-time data analysis make it imperative for firms to invest in robust systems and continuous staff training.
The “Best Execution 2.0” seminar offers a comprehensive overview of the latest MiFID II standards, providing participants with practical insights into optimizing trade execution strategies. Attendees will learn about market structures, algorithmic trading, transaction reporting, and how to implement effective execution policies, equipping them with the tools to enhance decision-making and ensure compliance.
Other Upcoming Courses
ERMIS Registration Required for HRDA-Subsidised Seminars
This seminar is eligible for HRDA subsidy, which means participation requires a valid ERMIS profile. If you don't have one yet, don't worry — simply complete the form below and our team will guide you through the registration process step by step after your submission.