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EXECUTION QUALITY

Quality of Execution

Annual Report on Top 5 Execution Venues & Quality of Execution 2020

In accordance with regulatory obligations introduced on 3 January 2018 under MiFID II, investment firms who execute client orders are required to summarise and make public on an annual basis, for each class of financial instruments, the top five execution venues in terms of trading volumes where they execute client orders in the preceding year and information on the quality of execution obtained. The purpose of the report is to enable the public and investors to evaluate the quality of an investment firm’s execution practices. Separate reports are published for clients categorised as retail or professional.

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EXECUTION QUALITY

Our Tailored Approach at BP PRIME

Optimizing Execution

At BP PRIME, we prioritize price, costs, speed, and likelihood of execution in assessing execution quality. Depending on the client's trading style and preferences, we may use specific liquidity providers best suited to their profile, ensuring optimal pricing options.

Fair Execution Policy

BP PRIME maintains a fair approach with no specific arrangements regarding payments, discounts, or non-monetary benefits from execution venues. We uphold equal execution quality for all clients, irrespective of their classification, aligning with our high expectations.

Regulated and trusted broker

Our Best Execution Policy emphasizes price, cost, speed, and likelihood of execution as top criteria. We prioritize these factors above all else when assessing execution quality. If a client requires an alternative provider for specific products, our quality assessment remains consistent.

EXECUTION QUALITY

Annual Report on Top 5 Execution Venues & Quality of Execution 2020

Detailed guidance under the regulations (RTS 28) specifies a wide range of asset classes to be included in this report. This report covers the following classes of financial instruments that Black Pearl Securities Ltd may deal in:

  • Class of Financial InstrumentCFD
    MiFID II Client ClassificationPROFESSIONAL
    Notification if < 1 average trade per business day in the previous yearNO
    Top five execution venues ranked in terms of trading volumesProportion of Volume traded as a percentage of total in that classProportion of orders executed as percentage of total in that classPercentage of passive ordersPercentage of aggressive ordersPercentage of directed orders
    Tradetech Alpha Limited
    2138003C3AQBXS54WM47    		87.4719174.1458201000
    Gain Capital UK Limited
    549300NKG8WR6UWSZS80    		10.7738318.5633669.4202930.579710
    GC Exchange Limited
    254900KIPYSCNT8NKF40    		1.754267.2908301000

  • Class of Financial InstrumentCFD
    MiFID II Client ClassificationRETAIL
    Notification if < 1 average trade per business day in the previous yearNO
    Top five execution venues ranked in terms of trading volumesProportion of Volume traded as a percentage of total in that classProportion of orders executed as percentage of total in that classPercentage of passive ordersPercentage of aggressive ordersPercentage of directed orders
    Tradetech Alpha Limited
    2138003C3AQBXS54WM47    		97.3012995.5518401000
    Gain Capital UK Limited
    549300NKG8WR6UWSZS80    		2.691743.6771401000
    CFH CLEARING LIMITED
    549300FSY1BKNGVUOR59    		0.006460.6631801000
    GC Exchange Limited
    254900KIPYSCNT8NKF40    		0.000510.1078301000