ORDER EXECUTION POLICY
Bkquote Global Market Limited
No: 2025-00089
The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
1. INTRODUCTION
2. SCOPE AND APPLICABILITY
This policy applies to the execution of orders for the following financial instruments:
● Contracts for Difference (CFD) on stocks, indices, commodities, forex (currencies), bonds, and other financial assets.
● Derivative financial instruments (options, futures, and swaps).
● Crypto assets (cryptocurrency pairs and digital tokens) traded on our exchange platform. This policy applies to all orders executed for retail and professional clients on our trading platform.
3. KEY EXECUTION PRINCIPLES
The Company is committed to executing client orders according to the following key principles:
3.1. Fast and Accurate Execution
● Orders will be executed promptly and accurately under normal market conditions.
● The Company uses high-speed execution technology to reduce latency and ensure accurate order fulfillment.
3.2. Best Execution
When executing orders, the Company will take all reasonable steps to achieve the best possible outcome for the client, considering the following factors:
● Price: The price at which the order is executed.
● Speed: The speed at which the order is executed.
● Costs: Applicable commissions, spreads, and fees.
● Likelihood of execution and settlement: The ability to successfully execute and settle the order.
● Size: The size of the order relative to market conditions.
● Nature of the order: Type of order and specific client instructions.
3.3. Fair and Transparent Execution
● The Company provides real-time pricing based on market data aggregated from multiple liquidity providers and cryptocurrency exchanges.
● Orders are executed at the best available price based on current market conditions.
4. EXECUTION FACTORS
When assessing how to execute an order, the Company considers the following key factors:
4.1. Price
● Execution prices are based on quotes provided by our liquidity providers and cryptocurrency exchanges.
● The Company applies a margin (spread), which may vary depending on market conditions and volatility.
4.2. Execution Speed
● Execution speed may be affected by market liquidity, order size, and network or connectivity conditions.
4.3. Likelihood of Execution and Settlement
● The Company ensures a high execution rate under normal market conditions.
● In volatile or low-liquidity markets, the Company may not be able to execute an order at the desired price.
4.4. Order Size
● Large orders may be executed in multiple parts or partially filled, which could affect the average execution price.
4.5. Transaction Costs
● The Company charges commissions, spreads, and overnight financing fees (where applicable).
● Cryptocurrency orders may also be subject to network or mining fees.
5. TYPES OF ORDERS
The Company accepts and executes the following types of orders:
5.1. Market Order
● An order to buy or sell a financial instrument or crypto asset at the best available market price at that time.
● Execution is subject to available market liquidity.
5.2. Limit Order
● An order to buy or sell a financial instrument or crypto asset at a specific price or better.
● The order will only be executed if the market price reaches the specified limit price.
5.3. Stop-Loss Order
● An order to sell an asset when the price reaches a specified level to limit losses.
● The order becomes a market order once the specified price level is reached.
5.4. Trailing Stop Order
● Similar to a stop-loss order, but the stop level adjusts automatically based on favorable market movements.
5.5. Good Till Cancelled (GTC) Order
● An order that must be fully executed immediately or automatically canceled.
6. EXECUTION UNDER EXTREME MARKET CONDITIONS
● The Company reserves the right to reject orders or adjust execution conditions under extreme market circumstances, including:
○ Excessive volatility.
○ Low liquidity.
○ Technical failures or network outages.
○ Suspension of underlying assets or cryptocurrencies on external markets.
7. CRYPTO ASSET EXECUTION
● Cryptocurrency prices are based on aggregated market data from multiple exchanges and liquidity providers.
● The execution of cryptocurrency orders may be affected by:
○ Blockchain network congestion.
○ Suspension or delisting of crypto assets for regulatory or technical reasons.
○ Lack of liquidity in specific cryptocurrency pairs.
○ Slippage due to high market volatility.
8. MODIFICATIONS AND UPDATES
● The Company reserves the right to update or modify this policy at any time to reflect changes in market conditions or business practices.
● Changes will take effect on the date they are published on our website.
9. ACKNOWLEDGEMENT AND ACCEPTANCE
By opening an account and trading on our platform, you acknowledge and accept that:
● You understand and accept the principles and procedures described in this Order Execution Policy.
● The Company does not guarantee that the execution price will match the quoted price due to market volatility and execution conditions.
10. FINAL PROVISIONS
● This policy forms part of the Terms and Conditions of Bkquote Global Market Limited.
● If any provision of this policy is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
● This policy is governed by the laws of Saint Lucia.