Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading spread bets with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. All clients should be aware that trading involves risk.

Execution Venues and Quality of Execution

We are required to take all sufficient steps to achieve the best possible result on a consistent basis when we execute orders on our client's behalf. This is referred to as 'best execution'.

Our regulatory obligations under the Markets in Financial Instruments Directive (MiFID II) require us to publish information about the quality of our order execution and the execution venues we use.

TimeToTrade provides Spread Bets, including leveraged FX, on an 'over the counter' (OTC) basis. This means that when you trade with TimeToTrade, you are entering into a bilateral transaction with us and we always act as the sole execution venue. In the context of our regulatory obligations to publish information about the quality of our order execution and the execution venues we use, TimeToTrade meets the definition of 'other liquidity provider'.

Where the requirement is relevant to the way our business operates, MiFID II requires us to publish the data in a prescribed format. You can access this data via the tables below.

NameQ1 2019Q2 2019Q3 2019
Type of Execution Venue (Article 3 (1))Save Table 1 - Q1 2019Save Table 1 - Q2 2019Save Table 1 - Q3 2019
Type of Financial Instrument (Article 3 (2))Save Table 2 - Q1 2019Save Table 2 - Q2 2019Save Table 2 - Q3 2019
Price Information (Article 4 (a))Save Table 3 - Q1 2019Save Table 3 - Q2 2019Save Table 3 - Q3 2019
Daily Price Information (Article 4 (b))Save Table 4 - Q1 2019Save Table 4 - Q2 2019Save Table 4 - Q3 2019
Information on Costs (Article 5)Save Table 5 - Q1 2019Save Table 5 - Q2 2019Save Table 5 - Q3 2019
Likelihood of Execution (Article 6)Save Table 6 - Q1 2019Save Table 6 - Q2 2019Save Table 6 - Q3 2019

Execution Venues

MiFID II requires us to publish on an annual basis information relating to the top five execution venues that we relied on when you traded Spread Bets and Equities with us. It is important to note that when you trade Spread Bets with TimeToTrade, you are contracting with us and we act as the sole execution venue.

TimeToTrade does not operate an order book. As a result, references to passive and aggressive orders do not apply.

Top 5 Execution Venues

EquitiesSave 2018 EquitiesSave 2019 Equities
SpreadbetsSave 2018 SpreadbetsSave 2019 Spreadbets

TimeToTrade Annual Execution Summaries

©2005-2020 Sensatus UK Ltd, all rights reserved. TimeToTrade is a trading name of TigerWit Limited. TigerWit, 7th Floor, Augustine House, 6A Austin Friars, London, EC2N 2HA, England.  Tel: +44 (0)203 637 9705