Ediphy Markets Ltd, also trading as EDIPHY, (the “Firm”) is authorised and regulated by the Financial Conduct Authority (FCA). The Firm undertakes execution services on behalf of its clients.

The Firm is an investment firm and, as a result of the activities it undertakes, falls within the scope of the Market in Financial Instruments Directive (MiFID). Investment firms subject to MiFID must take all sufficient steps to obtain the best possible result when executing orders on behalf of clients, taking into account the execution factors. This is the best execution obligation and its requirements are set out in the FCA Handbook under COBS 11.2A.

In accordance with the best execution requirements, the Firm will always act in the best interests of its clients when placing orders with other entities for execution.

Best execution applies to all types of financial instruments, but it will be applied in a manner that takes into account the different requirements associated with the execution of orders pertaining to different types of financial instruments.

It should be noted that best execution will apply to each client order executed.