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08:44 Mar 27, 2017 |
German to English translations [PRO] Bus/Financial - Investment / Securities / Customer information re MiFID | |||||||
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| Selected response from: dkfmmuc Local time: 12:48 | ||||||
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Summary of answers provided | ||||
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4 | trade orders |
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4 | orders with specific instructions by the client |
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Discussion entries: 7 | |
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trade orders Explanation: I would say both expressions are correct. Trade orders are placed by the client and carried out by the broker. In your case, it seems that the xxx Bank performs the orders on behalf of their clients. In the first sentence, the Bank states that the type of orders as "Festpreis-" und Kommissionsgeschäfte" = fixed price transactions and commission transactions = two types of securities. Source: http://www.investopedia.com/university/intro-to-order-types/ Example sentence(s):
Reference: http://docplayer.org/12154561-Primaere-faktoren-preis-des-fi... Reference: http://www.investopedia.com/exam-guide/series-7/securities-t... |
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orders with specific instructions by the client Explanation: This is one of the most common order types on stock exchanges. The customer doesn't want the algorithm or a trade system decide where the order is placed and which instructions are especially important. Therefore the client can fill in different fields like stock exchange, limit, timing or order type (auction or not?) etc. The individual entries/instructions are prevailing the standard process flow. An example of one of the leading information broker and providers : "The Bloomberg […] system is designed to ensure that order execution is primarily determined by reference to seeking best price and speed of execution but allows clients to submit orders which are based on other overriding factors." Hope this helps. https://data.bloomberglp.com/tradebook/sites/6/2015/05/Order-Execution-Policy.pdf |
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