Best execution refers to the duty of an execution or investment services firm executing orders on behalf of customers to ensure the best execution conditions possible for their customers' orders.
This applies whether these are orders initiated by the customer or by an investment manager. Under MiFID (the European Markets in Financial Instruments Directive), the criteria for best execution may include price, costs, speed and settlement and delivery procedures.
What is MillTechFX?
We provide access to a transparent marketplace for comparative FX execution from up to 15+ counterparty banks, while harnessing a unique and significant pricing efficiency for our clients and reducing their operational burden. In addition, MillTechFX provides clients with full transparency of execution via independent TCA reporting.