1. Explanation of the relative importance Upvest gave to the execution factors ofprice, costs, speed, likelihood of execution or any other consideration includingqualitative factors when assessing the quality of execution
The client always instructs Upvest on which execution venue the order has to beexecuted, which supersedes any other criteria.
Furthermore, Upvest conducts regular reviews of the quality of execution. For suchreviews, the following factors are taken into account: price, costs, speed, likelihood ofexecution, size and nature of the order.
2. Description of any close links, conflicts of interests, and common ownershipswith respect to any execution venues used to execute orders
Upvest has no close links, conflicts of interests, and common ownerships with respectto any execution venues used to execute orders.
3. Description of any specific arrangements with any execution venues regardingpayments made or received, discounts, rebates or non-monetary benefits received
Upvest has contractual partnerships with the execution venue, as described in theprinciples for dealing with conflicts of interest. The information regarding inducementsare also disclosed in the cost information.
These inducements enable clients to tradefinancial instruments at lower overall costs and also enables Upvest to develop anefficient and high-quality infrastructure and offer a range of financial instruments.
4. Explanation of the factors that led to a change in the list of execution venueslisted in the firm's execution policy, if such a change occurred
No change in the list of execution venues listed in the firm's execution policy tookplace in 2023.
5. Explanation of how order execution differs according to client categorisation,where the firm treats categories of clients differently and where it may affect theorder execution arrangements
At Upvest, order execution doesn't differ according to client categorisation. Therefore,in 2023, there was no difference in order execution depending on the clientcategorisation.
6. Explanation of whether other criteria were given precedence over immediateprice and cost when executing retail client orders and how these other criteria wereinstrumental in delivering the best possible result in terms of the total considerationto the client
The client always instructs Upvest on which execution venue the order has to beexecuted, which supersedes any other criteria.
7. Explanation of how the investment firm has used any data or tools relating to thequality of execution, including any data published under Delegated Regulation EU2017/575
Order and market data as well as data published by the trading venues offered forexecution in accordance with Commission Delegated Regulation EU 2017/575 RTS 27were used to determine execution quality.
8. Where applicable, an explanation of how the investment firm has used output of aconsolidated tape provider established under Article 65 of Directive 2014/65/EU
n/a
Download here: Top 5 Execution Venues 2023