Order Execution Policy
Effective Date: 28th October, 2024
Company Name: Lynk-Connect LTD
Website: https://lynk-connect.com/
Lynk-Connect LTD (“the Company,” “we,” “us,” or “our”) is committed to providing our clients with the best possible execution of their orders in the forex and financial markets. This Order Execution Policy (“Policy”) outlines how we execute client orders and the factors we consider to ensure that our clients’ trades are carried out in a fair and timely manner.
1. Scope of the Policy
This Policy applies to all retail and professional clients executing trades in financial instruments through our platform. It covers all types of orders, including market orders, limit orders, stop orders, and other order types. By using our services, clients agree to the terms of this Policy.
2. Execution Venues
Lynk-Connect LTD acts as the principal in all client transactions, meaning that we are the counterparty to every trade executed on our platform. We utilise various liquidity providers and market makers to help provide competitive pricing and sufficient liquidity. However, the Company is the sole execution venue for all trades.
We do not execute orders on a regulated market or multilateral trading facility (“MTF”). All orders are executed over the counter (“OTC”).
3. Execution Factors
When executing client orders, the Company considers several key factors to achieve the best possible result for clients. These factors include:
Price: The primary consideration for order execution is the price at which the trade will be executed. Prices may fluctuate due to market conditions, and we aim to ensure that prices quoted to clients are competitive and accurate.
Cost: We take into account the costs associated with executing an order, such as spreads, commissions, or other transaction fees. These costs are disclosed in advance and may affect the overall execution price.
Speed of Execution: We aim to execute orders as quickly as possible, taking into account current market conditions and any potential delays related to internet connectivity or platform performance.
Likelihood of Execution: Under certain market conditions, it may not be possible to execute an order at the requested price, or there may be limited liquidity. The likelihood of successful execution is considered when managing orders.
Order Size: The size of a client’s order may affect execution, particularly in volatile markets or when trading large volumes. We take this into account to minimise the impact on market prices and seek to execute trades at competitive rates.
Market Conditions: Exceptional market conditions, such as periods of high volatility or low liquidity, may affect the price, speed, and likelihood of order execution.
4. Price Slippage
Slippage refers to the difference between the expected price of a trade and the actual execution price. Slippage may occur during periods of high volatility or low liquidity, particularly when orders are placed at market. Slippage may result in either a more favourable or less favourable price than anticipated.
Positive Slippage: Occurs when an order is executed at a better price than expected.
Negative Slippage: Occurs when an order is executed at a worse price than expected.
The Company does not guarantee that orders will always be executed at the requested price, especially during periods of market volatility or when large orders are placed.
5. Types of Orders
Market Orders: A market order is executed immediately at the current available market price. Clients should be aware that market orders may be subject to slippage, particularly in fast-moving markets.
Limit Orders: A limit order is executed at a specified price or better. These orders are subject to execution only when the market reaches the specified limit price. However, there is no guarantee that the entire order will be filled.
Stop Orders: A stop order is triggered when the market reaches a specified price, known as the stop price. Once triggered, the stop order becomes a market order and is executed at the best available price. Stop orders may experience slippage during volatile market conditions.
6. Order Aggregation
The Company may aggregate client orders if it reasonably believes that such aggregation will not disadvantage any client. Aggregating orders may result in slightly higher or lower execution prices than if the orders were executed separately.
The Company seeks to ensure that any order aggregation is conducted in a fair and transparent manner.
7. Trade Execution Time
Lynk-Connect LTD endeavours to execute client orders promptly. However, certain factors, such as platform delays, internet connectivity issues, or server overload, may affect the speed at which trades are executed.
Clients should be aware that, in certain circumstances, including periods of high market volatility, execution times may be longer than expected.
8. No Guaranteed Execution
While the Company strives to provide the best possible execution, we do not guarantee that trades will always be executed at the requested price.
There may be circumstances in which market conditions, platform delays, liquidity limitations, or other factors affect the ability to execute orders as expected.
9. Client Instructions
If a client provides specific instructions regarding how an order should be executed, the Company will follow those instructions to the extent reasonably possible.
However, clients should note that specific instructions may prevent the Company from taking certain steps designed to achieve the best overall execution result. In such circumstances, the execution may differ from the Company’s standard execution procedures.
10. Monitoring and Review
Lynk-Connect LTD regularly monitors the quality of order execution to assess compliance with this Policy and makes adjustments where necessary to improve execution performance.
We review our execution arrangements periodically and will notify clients of any material changes to this Policy.
11. Consent
By opening an account with Lynk-Connect LTD and using our services, clients consent to this Order Execution Policy and agree that the Company may execute orders outside a regulated market or MTF.
12. Changes to the Policy
Lynk-Connect LTD reserves the right to amend or modify this Order Execution Policy at any time.
Clients will be notified of any material changes through our website. Continued use of our services following the publication of any changes constitutes acceptance of the revised Policy.
13. Contact Information
For any questions regarding this Order Execution Policy, please contact us at:
Email: info@lynk-connect.com
Website: https://lynk-connect.com/