Market infrastructures. This page is brought up to you by ISIFI Conseil, Bank and Finance Consultants In the world of securities, market infrastructures are the systems that ensure the good course of the following operations : Trading in market places Clearing of the transactions Settlement through Central Securities Depositories & Cash Settlement Centre. The market place is the place in which a market operates, and offer and demand meet. It can be an actual or metaphorical place whose role is to provide participants with a secured transaction mechanism.
Understanding Order Execution. As you can see your broker has different motives for directing orders to specific places. Obviously, they may be more inclined to internalize an order to profit on the spread or send an order to a regional exchange or willing third market maker and receive payment for order flow. The choice the broker makes can affect your bottom line.
However, as we explore below we will see some of the safeguards in place to limit any unscrupulous broker activity when executing trades.Broker's Obligations By law, brokers are obligated to give each of their investors the best possible order execution. Memoire_Global_macro.doc. Memoire_Global_macro.doc. Mieux comprendre les fonds d'investissement - Banque de Luxembourg.