Order Execution Policy

SB Global operates the brand Stockbanx (www.stockbanx.com), providing investment services under the regulatory framework of the Comoros jurisdiction. This document outlines the Company’s approach to executing client orders effectively and in compliance with the applicable laws and regulations of the Union of Comoros.

• INTRODUCTION

  SB Global, registered in the Union of Comoros under registration number 15825, is authorized to provide investment services under the legislative framework of the Comoros Securities Act, as applicable to its operations. The Company's registered office is located at Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros.

  
  

  The Company is committed to providing its clients with the highest standard of service, including ensuring the best execution of client orders (“Best Execution”). This Order Execution Policy (“Policy”) is designed to meet the requirements of the applicable laws and regulations of the Comoros, including but not limited to the Securities Act and related guidelines.

• SCOPE AND SERVICES

  This Policy applies when SB Global, under the brand Stockbanx, executes client transactions. It governs the execution of orders for all types of financial instruments made available by the Company. The specific instruments and trading terms are published on the Company's website.

  
  

  Order Types

  • Market Orders: Orders executed instantly at the price provided by the Company at the time of the order. Clients may attach Stop Loss and/or Take Profit instructions to these orders.

  • Pending Orders: Orders to be executed at a future price specified by the client. Types of pending orders include:

    • Buy Limit: To purchase at or below a specified price.

    • Buy Stop: To purchase when the price rises to a specified level.

    • Sell Limit: To sell at a specified price or higher.

    • Sell Stop: To sell when the price falls to a specified level.

    Clients may modify pending orders before execution, but Stop Loss, Take Profit, and Pending Orders cannot be altered once the price has reached the execution level.

• BEST EXECUTION FACTORS

  SB Global takes reasonable steps to achieve the best possible results for its clients by considering the following factors:

  • Price

  • Costs

  • Speed of Execution

  • Likelihood of Execution

  • Likelihood of Settlement

  • Size of Order

  • Market Impact

  The order of priority for these factors may vary depending on the circumstances of each transaction. In cases where specific client instructions are provided, those instructions will take precedence.

• BEST EXECUTION CRITERIA

  The relative importance of execution factors is determined based on:

  • The characteristics of the client, including their classification (e.g., retail or professional).

  • The characteristics of the order.

  • The characteristics of the financial instruments involved.

  • The characteristics of the execution venues available.

• EXECUTION VENUES

  SB Global collaborates with Liquidity Providers for order execution. The Company ensures that the selection of execution venues aligns with its commitment to Best Execution.

  
  Off-Exchange Transactions

  The client acknowledges that transactions executed with SB Global may occur outside of regulated exchanges. Such transactions may carry greater risks, including but not limited to price adjustments due to technical failures or platform malfunctions.

  The terms and conditions governing these transactions are established solely by SB Global and are subject to the provisions of this Policy.

• MONITORING AND REVIEW

  SB Global regularly monitors the effectiveness of its Order Execution Policy to ensure compliance and optimal performance. Reviews are conducted annually or whenever material changes occur that could affect the quality of execution.

  
  

  The Company will notify clients of any significant amendments to this Policy via its website or direct communication channels. The Company reserves the right to amend this Policy at its sole discretion.

  
  

  For further inquiries or additional information about this Policy, please contact us at contact@stockbanx.com.