Best Execution Excellence: Master Optimal Trade Outcomes

Best execution is the regulatory mandate and industry practice ensuring financial institutions prioritize optimal trade outcomes for clients by considering factors such as price, cost, speed, and likelihood of execution in a transparent and fair manner. Key points include: 

Client’s Best Interest: Prioritizing and safeguarding the client’s best interest is fundamental. This involves obtaining the most favorable terms for the client’s trades, considering factors like price, cost, and speed.

Transparency: Ensuring transparency in the execution process is crucial. Clients should have clear and understandable information about how their trades are executed, including any associated costs and potential conflicts of interest. 

Regulatory Compliance: Adhering to regulatory requirements, such as those outlined in MiFID II, is essential. Compliance ensures that financial institutions operate within the legal framework, promoting market integrity and protecting both clients and the broader financial system. 

In today’s rapidly evolving financial industry, the need for a robust Best Execution requirement is paramount to ensure fair, efficient, and transparent markets. The complexity and interconnectedness of global financial markets demand a meticulous approach to executing trades, considering factors beyond mere transaction costs. Best Execution regulations, exemplified by frameworks like MiFID II, are essential safeguards against potential conflicts of interest and market abuse, and compel financial institutions to prioritize clients’ best interests, promoting price competitiveness, optimal trade outcomes, and overall market integrity. 

Who should attend: 

  • Financial Service Professionals: If you’re in banking, investment, or financial advisory, 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: Improve your service quality by anticipating your client’s needs and stay ahead of competition. 

Objectives:

By joining our course, participants will: 

At knowledge level: 

  • 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. 

At skill level: 

  • 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 

At attitude level: 

  • 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. 

Training Curriculum:

 

Chapter 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 

 

Chapter 2: Best as per CySEC Law 87(i)/2017 

  • Execution factors and their weighing
  • Total Consideration
  • Practical Examples
  • Best Execution Criteria
  • Reasonable Steps vs Sufficient Steps
  • Clients that are Eligible Counterparties

 

Chapter 3: Industry Best Practices 

  • Dealing with Speculative Products/CFDs
  • Dealing with OTC financial products
  • Dealing on own account
  • CySEC Circular C343 – Thematic Review of Best Execution

 

Chapter 4: Best Execution Reporting Requirements 

  • Post trade transparency RTS 27
  • Post trade transparency RTS 28
  • Monitoring
  • Analysis of Specific Cases and their treatment

 

Participation Contribution: €200+VAT

Course Dates

Date
Time
26/03/2024
10:00 - 14:15
27/03/2024
10:00 - 14:15
28/03/2024
10:00 - 14:15
29/03/2024
10:00 - 14:15

*CPD Recognition

This programme may be approved for up to 6 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.