1. Execution Objectives

• Obtain the best possible result for clients considering price, cost, speed, likelihood of execution and settlement, and market impact.
• Apply consistent execution quality controls across all supported asset types and order flows.

2. Order Handling Standards

• Process client orders promptly, fairly and in sequence unless otherwise justified.
• Avoid improper aggregation or allocation of orders that could disadvantage clients.
• Ensure accurate capture, routing and settlement of executed trades.

3. Liquidity Venues & Routing

• Select liquidity venues based on reliability, transparency, depth and historical execution quality.
• Design routing logic to reduce slippage and optimise execution efficiency.
• Periodically review venue performance and adjust routing where required.

4. Monitoring & Oversight

• Monitor execution quality using quantitative metrics such as slippage, fill rates and latency.
• Maintain internal audit trails, exception logging and escalation procedures for sub‑optimal execution.
• Report material issues to senior management and, where required, to regulators.

5. Client Disclosures

• Provide clients with clear information on the execution approach, order types and any material limitations.
• Notify clients of material changes to the Best Execution Policy.
• Make this summary available on the METRA website alongside other key regulatory documents.