TOP GAINERS: MULTIVERSE N3.41 +10.00% | NGXGROUP N19.80 +10.00% | ETERNA N6.32 +9.91% | COURTVILLE N0.49 +8.09% | CHAMPION N3.69 +8.53% | TOP LOSERS: MAYBAKER N3.50 -9.79% | REGALINS N0.24 -7.69% | VITAFOAM N20.00 -6.98% | UNILEVER N12.30 -5.38% | GLAXOSMITH N5.60 -5.08% |

  TOP GAINERS: MULTIVERSE N3.41 +10.00% | NGXGROUP N19.80 +10.00% | ETERNA N6.32 +9.91% | COURTVILLE N0.49 +8.09% | CHAMPION N3.69 +8.53% | TOP LOSERS: MAYBAKER N3.50 -9.79% | REGALINS N0.24 -7.69% | VITAFOAM N20.00 -6.98% | UNILEVER N12.30 -5.38% | GLAXOSMITH N5.60 -5.08% |

Best Execution Policy

Best Execution Policy

Dominion Trust Limited (DTL) Best Execution Policy describes its responsibility as Broker/Dealer to provide the most advantageous order execution for its customers. Our objective is to ensure that our client’s best interest is served always in accordance with market regulation.
Dominion Trust Limited will always take all responsible steps to obtain the best possible result taking into account:

Price
Costs
Client’s specific instruction
Speed
Time of reception of order
Likelihood of execution and settlement
Market liquidity and impact of the order on the market
Size of the order
Nature or any other Consideration relevant to the execution of the order

Clients may instruct DTL to take into consideration certain factors which are more important to them. ln the absence of specific instruction DTL will exercise its own discretion to determine the relative importance of the factors and use all reasonable efforts to achieve best execution.

DTL will take every reasonable step to maintain the confidentiality associated with clients filled and unfilled orders.

DTL has business continuity and disaster recovery plans in place for the purpose of maintaining an effective staff and business survival capability in the event of disasters.

Trade Execution Process
  • To executive a trade our purchase or sale forms must be completed and signed by the client.
  • The order must be imputed into the system from each of the branches or Head office.
  • AII orders are centrally collated and vetted by Compliance and control unit to confirm account details, funding or credit arrangement and price limit if any.
  • The order is handed over to the Head of stockbroking unit for trading by the Traders.
  • The jobbing book is returned to the control and compliance unit for scrutiny to ensure adherence to price limit and execution of request according to the mandate.
  • The daily trade file which is the extract of trades done by all the brokers from the jobbing book will be sent to Operations in soft copy for upload.
Order Execution
The clients have the option to place the following types of order:

Market Order
This is an order instantly executed against a price that prevails in the market on the day the order is placed.

Limit Order
A limit order is an order to buy below the current price or sell above the current price.

Orders can be placed through different methods:
  • Self through our FIX protocol
  • Through our branches and Head office
  • Online through E-mails

The performance of traders in executing orders are periodically evaluated and assessed to offer our clients the best services at all times.