Money Fund Market’s Order Handling and Best Execution Policy ensures client orders are handled and executed fairly, efficiently, and transparently in accordance with FCA guidelines. This policy applies to all staff, contractors, and representatives of Money Fund Market.
Money Fund Market is committed to achieving the best possible result for clients by considering relevant execution factors, such as price, costs, speed, and likelihood of execution. The policy also addresses specific client instructions, aggregation, and allocation of orders to prioritise client interests. Orders are handled in a way that prevents conflicts of interest and ensures adherence to best execution principles.
Money Fund Market is committed to achieving the best possible result for clients by considering relevant execution factors, such as price, costs, speed, and likelihood of execution. Upon receiving client orders, Money Fund Market promptly relays them to a regulated Clearing Agent, who is responsible for routing these orders to fund managers for execution at the next available window. This process does not involve exchange-based transactions. The policy also addresses specific client instructions, aggregation, and allocation of orders to prioritise client interests, aiming to prevent conflicts of interest and adhere to best execution principles.
Clients have access to Money Fund Market’s electronic trading interface, enabling them to set order parameters directly, which may constitute a specific instruction. Where clients provide specific instructions, Money Fund Market will follow these but notes that this may limit achieving the best possible result.
Aggregated orders must not disadvantage any client. When orders are partially executed, they are allocated fairly among clients on a pro-rata basis. Clear communication on the potential impacts of aggregation is provided to each client.
All efforts are made to detect and correct trade errors promptly. If an error is suspected, it must be reported immediately, and clients will not bear losses arising from such errors.
Records related to order handling, execution, trade errors, and client communications are retained for a minimum of five years. Money Fund Market regularly reviews this policy and performs tests to ensure alignment with best execution practices.
For further details on this policy or to discuss order handling matters, please contact compliance@moneyfundmarket.com.
