IG Markets strives to bring you transparent CFD trading. We adhere to strict provisions and incorporate cutting-edge technology, so you can be assured that you are getting the best execution.
Best execution
Late in 2007, MiFID (Markets in Financial Instruments Directive) came into effect in Europe. This set out high-level provisions, including the general duty to conduct our business honestly, fairly and professionally, and to act in your best interests when executing orders. More specifically, we will always provide you with the “best execution”. As IG Markets is incorporated and regulated in the UK, clients of our Australian business also get the benefits of being covered by this directive.
So, what does it mean? Best execution is determined with regard to price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant. As part of being a transparent CFD provider with no hidden charges, this guarantees that regardless of whether you are trading Direct Market Access (DMA) or via PureDeal, you always deal at market prices on equities and you will never be re-quoted.
Price Improvement
At IG Markets, we always look to give you the best price available. Our award-winning trading platform, PureDeal, offers a revolutionary Price Improvement technology that automatically detects any favourable price changes. It allows us to pass them on to you, if any is available when your trade is executed. There are no requotes - any improvement is simply marked on your deal confirmation.
During periods of marked volatility, where prices can fluctuate very quickly, our clients have found this feature invaluable. To date, it’s helped our clients save over A$2,000,000 during the first half of this year.
Direct access to global equity exchanges with PureDMA
In addition to Best Execution and Price Improvement, our clients can trade straight into the order books of the world's equities exchanges with our Direct Market Access (DMA) platform. The unrivalled transparency and flexibility of DMA is becoming essential for the more experienced trader.
PureDMA combines the speed and simplicity of PureDeal with the increased control of DMA trading. You can also view the exchange order book, helping you to trade at the price and volume you require. Orders are placed in the market within seconds, and PureDMA automatically 'works' your order, providing 'partial fills' if the full volume is unavailable. For more details and benefits, refer to our PureDMA section.
Updated: 30/08/10 & 02/05/11
SHARE: