日期：2018-09-13 / 人气： / 来源：http://www.rzfanyi.com/ 作者：译声翻译公司
SCHEDULE 2附表2 ORDER EXECUTION POLICY订单执行政策
This Order Execution Policy explains how City Credit Capital (UK) Limited will execute trades or orders placed by clients. It should be read in conjunction with our Terms of Business but it does not form part of those Terms.
本订单执行政策阐明City Credit Capital (UK) Limited将如何执行交易或客户下单，本政策应与我方的合约条款一并阅读，但本政策并不构成该合约条款的一部分。
We provide execution services in contracts for differences (“CFDs”) and foreign exchange (“FX”). Orders must ordinarily be placed using our Trading Platform but when that is not available, orders may be placed by telephone directly to our dealing desk.
We act as counterparty to clients’ trades and will be the execution venue where orders are executed.
We are required to take several factors into consideration when executing client orders. We regard price and costs as the most important, followed by size, speed and likelihood of execution and settlement. We will exercise our judgement in balancing the execution factors in seeking to obtain the best possible results for clients on a consistent basis.
The latest prices for all instruments we offer are available on our Trading Platform. All of our prices are live quotes, which means that, provided a client has sufficient margin in their account, we will ordinarily accept an order at the price shown on our Trading Platform, although a trade should not be regarded as having been executed until we have confirmed that is the case.
In the unlikely event that the quoted price is quoted in error and such price is executed upon, we reserve the right to rescind the order. A price will be deemed to be quoted in error if it is different from the price that we would normally have quoted at the time when you requested it, taking into account all relevant factors. We have access to several data sources to determine a market price for the underlying instrument. For instruments such as equities this may be a third party exchange, while for other types of instrument, such as FX, it will typically be from nominated wholesale market participants.
Having determined a market price, we then make adjustments to take into account various factors, including any dividend that is due on the underlying instrument (where relevant) and our own risk management, to form our spread. As a result of this methodology, our bid/offer prices will generally not be the same as the price for the underlying instrument.
The following costs may be payable by clients in relation to their orders:
(a) commissions may be charged on the opening and closing of a position, some or all of which may be paid to introducing agents;
interest may be charged on a long position in a CFD (a credit will normally be applied to the account of a client who holds a short position);
interest may be charged to a client on one half of an open FX position and paid by the same client in respect of the other half, which may result in the client being charged net interest depending on the rates of interest for the respective currencies and which currency the client is long in;