Ausführungsrichtlinie

This policy explains how Robokapital takes all sufficient steps to obtain the best possible result for its clients when executing orders, in accordance with MiFID II.

1. Scope

This policy applies to orders placed by retail and professional clients in all instruments offered on the Platform.

2. Execution venue

Robokapital acts as principal and is the sole execution venue for client orders. Prices are derived from reference prices of the underlying markets, obtained from reputable liquidity providers and data sources.

3. Execution factors

When executing orders we consider price, costs, speed, likelihood of execution and settlement, size, nature of the order and any other relevant consideration. For retail clients, best execution is determined primarily on the basis of total consideration: the price of the instrument and the costs related to execution.

4. Order types

The Platform supports market orders and pending orders, including limit and stop orders, as made available for each instrument. Stop orders do not guarantee execution at the specified price, in particular when the market gaps.

5. Slippage

Between the time an order is placed and executed, the market price may change. Slippage may be positive or negative and is applied symmetrically.

6. Specific instructions

Where you give a specific instruction, we will execute the order following that instruction, which may prevent us from taking the steps described in this policy for the elements covered by the instruction.

7. Monitoring and review

We monitor the effectiveness of our execution arrangements regularly and review this policy at least annually, or whenever a material change occurs.