Best Execution can either be a legal requirement or a customer request. In any case, we focus on execution quality and documentation when executing orders in order to achieve the best possible result.
Best Execution – ETFs
RFQ (Request for Quote) trading is currently the preferred method for B2B ETF orders.
Our trading system MATS sends RFQ orders to up to 15 market makers, logs the results transparently and ensures execution at the best possible price.
We offer detailed audit trails with all order and execution parameters upon client request.
Please add the following order routing text when placing a buy or a sell order: ETF RFQ.
Best Execution – Fixed Income
To ensure best execution, Erste Group may use electronic trading platforms to execute orders.
Our trading system MATS forwards your order to the respective MTFs. In the background, prices are obtained from all available brokers. Within the RFQ (Request for Quote) the best price in the request cycle is drawn.
If no results (liquidity or price) are available on the MTF's, we will try to achieve a result on alternative channels like issuer or exchanges.
Upon client request, detailed "Audit Trails" are available to banks and asset managers with all order and execution parameters at the given time.
All other bond structures for example 3rd party products etc need to be actively priced by the issuer on the MTF in order to assure a trade.
Contact us to find out how you can easily place orders with Erste Group - saving you time and compliance costs.