Best Execution Policy
Agea Jinrong DOO (hereinafter referred to as “AGEA”) is required to take all reasonable steps to obtain the best possible result (or “best execution”) on behalf of its clients either when it executes client orders or when it receives and transmits orders for execution.
The best possible result we are required to provide to our clients is not limited to execution price but also includes cost, speed,
These rules require firms to put in place an execution policy and to provide appropriate information to its clients on its order execution policy. This document contains a summary of AGEA’s Best execution policy.
AGEA provides trading services through several trading platforms listed at http://www.agea.com/index.ncre?page=platform-services page.
It’s solely in the discretion of the Company to decide which types of financial instruments to make available and to publish the prices at which these can be traded and the above list can vary since new financial instruments may be added in the future.
AGEA is always the counterparty (or principal) to every trade, so it doesn’t act on behalf of its clients but acts as the relevant execution venue for clients’ orders, which will be executed on an OTC basis rather than on a regulated market or multilateral trading facility (MTF).
The client has the option to place the following type of orders for execution:
Market Order: is an order instantly executed against a price that AGEA has provided. The client may attach to the market order a stop loss
Pending Order: is an order to be executed at a later time at the price that the client specifies. When the price provided by AGEA reaches the price specified by the client, the order will be executed at that price.
The following types of pending orders are available:
Stop Order: Initiating a trade with a stop order means that the client will only open a position if the market moves in the direction he or she is anticipating. For example, if an instrument is trading at 129.34 / 129.38 and the client believes it will move higher,
Limit Order: A limit order is an order to buy below the current price, or sell above the current price. For example, if an instrument is trading at 129.34 / 129.38 and the client believes the market will rise, he or she could place a limit order to buy at 129.28. If executed, this will give the client a long position at 129.28, which is 10 points better than if he had just used a market order. The disadvantage of the limit order is that if the instrument moves straight up from 129.34 / 129.38
The client may attach to any pending order a stop loss
The client may modify an order before it is executed. The client has no right to change or remove stop loss, take profit and pending orders if the price has reached the level of the order execution.
Costs, Fees and Other Relevant Factors
Price spreads often unexpectedly change and greatly increase during weekends, in after-hours trading, in case of market-related announcements or market turmoil.
The client can always read about and monitor spreads and commissions by going to http://www.agea.com/index.ncre?page=platform-services page and then by clicking on
Under certain market conditions, especially during, but not limited to, market-related announcements, weekends, after-hours trading, market turmoil, low liquidity and
For example, when markets are volatile (e.g. week openings, news announcements, significant events) instrument prices can move 50 points or more in just one single jump, which can greatly affect
On the other hand, if client’s long position’s exit target was at 200.20, his or her position would again be closed at the current market price of 200.50, which is 30 points better than the client’s exit target level.
AGEA is committed to
For more details, please check the Islamic Trading policy page on our web site.
Monitoring and Review of Our Best Execution Policy
AGEA will monitor the effectiveness of this policy on a regular basis and, where appropriate, AGEA reserves the right to correct any deficiencies. Clients will be always able to find the updated version of the Best Execution policy on our
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