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18.2 MONEY MARKET

18.2.1 Order placement

Orders may be placed by any of the following means:

  • By researching best bid and offer prices and telephoning a bank direct
  • By researching best bid and offer prices and sending orders through hub and spoke services such as Omgeo Oasys or Autex
  • By using the services of a money broker. The money broker will aim to provide “best execution” subject to and taking into account the nature of the order, the prices available to the broker in the market and the nature of the market in question. The money broker will charge a fee for its services, which is usually invoiced at the end of the month in which the order was executed. Money brokers offer both telephone-based services and also electronic order entry and matching services.

  

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