Best Execution Policy

1. Commitment

Thermo Markets acts to obtain the best possible result for its clients when executing orders, considering price, speed, likelihood of execution, costs, and order size.

2. Best Execution Factors

• Price:bid/ask prices calculated from real-time market feeds
• Speed:execution processed in real time via dedicated servers
• Probability:automated execution without manual intervention
• Costs:Costs: spread only — no hidden commissions
• Size:large orders may undergo partial execution

3. Execution Model

Thermo Markets operates with a proprietary execution system. Prices are derived from real-time market feeds and processed by the platform's pricing engine, ensuring competitive spreads and consistent execution. The current execution model is detailed in the Order Execution Policy and the Client Agreement.