Several key factors must be considered to get the ‘best possible’ result for your order: price, costs, speed, likelihood of execution, settlement of the order, and size and nature of the order. The best possible result for your order at Bolero is based on the total consideration you receive or have to pay as a customer. The price of the security and the execution costs are the decisive factors.

According to the European MiFID Directive (Markets in Financial Instruments Directive), financial institutions must execute orders on the terms that are most favourable to the customer. Each financial institution must therefore have an order execution policy in place that allows it to consistently aim for the best possible result for its customers’ orders. However, this does not mean that financial institutions are expected to achieve best execution for every single order