Order execution policy
Newton places and executes orders across multiple asset classes, including equities, derivatives, fixed income, collective investments and currencies.
When we execute orders, MiFID II requires us to take all sufficient steps to obtain the best possible result for our clients, taking into account price, costs, speed, likelihood of execution and settlement, size, nature, or any other consideration relevant to the execution of the order. This applies whether we are executing orders on behalf of clients, or placing orders with/passing orders to others for execution.
Due to the implementation of the Markets in Financial Instruments Directive (MiFID) in January 2018, the 2017 Top 5 Execution Venue and Quality of Execution Reports were published on a best endeavours basis only.
* Newton Investment Management (North America) Ltd (NIMNA) closed as of 31 December 2019 and as such reports will not be published for 2020 data onwards. NIMNA transmitted all its client orders to Newton Investment Management Ltd (NIM). For a more detailed analysis of how best execution was achieved by NIMNA please refer to NIM’s Top 5 Venues Reports and Quality of Execution Report.