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3122. Best execution process

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Series 3000: Business Conduct and Client Accounts Rules
    Rule
    1. The  policies and procedures for best execution must specifically address the process for achieving best execution that includes the following:
      1. for the execution of all client orders:
        1. requiring the Dealer Member to consider the instructions of a client, subject to its obligations under IIROC requirements and securities laws, and
        2. describing any material conflicts of interest that may arise when sending client orders for handling or execution and how these conflicts are to be managed, 
      2. and,
      3. for the execution of client orders for listed securities and foreign exchange‑traded securities that trade on a Marketplace:
        1. describing the Dealer Member’s order handling and routing practices for achieving best execution,
        2. taking into account order and trade information from all appropriate Marketplaces,
        3. the rationale for accessing or not accessing particular Marketplaces, and
        4. the circumstances under which a Dealer Member will move an order entered on one Marketplace to another Marketplace.
    Guidance/Notices
    History

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    Disciplinary History
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      Jump to another section in Rule 3100
      3101. Introduction
      3102. Business conduct
      3110. Responsibility to identify conflicts of interest
      3111. Approved Person responsibility to address conflicts of interest
      3112. Dealer Member responsibility to address conflicts of interest
      3113. Responsibility to disclose conflicts of interest
      3114. Conflicts of interest policies and procedures
      3115. Personal financial dealings
      3116. Offering gratuity
      3117. Mutual fund sales incentives
      3118. Tied selling
      3119. Definitions
      3120. Best execution obligation
      3121. Best execution factors
      3123. Non-executing Dealer Member best execution policies and procedures
      3124. Sending orders in bulk to foreign intermediaries
      3125. Fair pricing of over-the-counter securities
      3126. Review of best execution policies and procedures
      3127. Training
      3128. Compliance with the Order Protection Rule
      3129. Disclosure of best execution policies
      3140. Identifying clients of a Non-Executing Dealer Member

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