指令执行政策-Rakuten.PDF

指令執行政策 Table of Contents 索引 Introduction 引言 1 Application of Best Execution Obligation 最佳执行责任的应用 2 Best Execution Factors and Criteria 最佳执行因素及标准 2 The Role of Price 价格的角色 3 Execution Venues and Liquidity Providers 执行地点及流通量提供者 3 Receiving and Transmitting Orders 接收及传送指令 3 Order Execution Risks 指令执行风险 3 Slippage 滑点 3 Gapping/Volatility 跳空/波幅 3 Trading System or Internet Connectivity Execution Delays 交易系统或互联网连接执行延迟 4 Order Handling 指令的处理 4 Order types 指令种类 4 Aggregation 合并 6 Monitoring and Review 监察及检讨 6 Client Consent to Order Execution Policy 客户同意指令执行政策 6 Introduction 引言 This document contains the most important and relevant elements of Rakuten Securities Hong Kong Limited (“Rakuten Securities HK”) Order Execution Policy and arrangements which enable Rakuten Securities HK clients (“Client”) to make a properly informed decision about the execution services. Please take note that Rakuten Securities HK is a wholly owned subsidiary of Rakuten Securities, Inc..