Best Execution - Australian Equities Products
The purpose of this site is to provide information and resources relating to Deutsche Securities Australia Limited´s Best Execution policies as well as general background information on market competition in Australia.
Best Execution Policy
Our approach to obtaining Best Execution is outlined in our 'Best Execution Policy' available for download on the right hand side.
It is based on a combination of factors including:
- Certainty and speed of execution
- Specific client instructions
27 May 2013
New requirements relating to non pre-trade transparent trading exceptions come into effect. As from 27 May 2013, the previously available ‘Trade At or Within the Spread’ pre-trade transparency exception is replaced by the ‘Trade with Price Improvement’ exception. Other changes to the ASIC Market Integrity Rules (Competition in Exchange Markets) include changes to the Block Trade threshold for certain Equity Market Products.
Chi-X Australia was given the go-ahead to start operating a securities exchange in Australia in competition to the ASX in October 2011. Chi-X is now able to trade the full range of ASX listed securities.
Frequently Asked Questions
All stocks listed on the ASX.
Chi-X operates from 10:00 until 16:12. Chi-X is a day only market and all stocks open at the same time, unlike the ASX’s staggered open approach.
No. Chi-X uses the ASX for Clearance and Settlement, and trades are handled in the same way trades done on the ASX are.
If you trade electronically, we will send you an identifier on your fills that show which execution venue your trade was done on. This is also true for other venues such as ASX CentrePoint and DB SuperX.