Through Processing available through best connect 's strategic links with key suppliers of software and order management systems. Once a link to best connect is established, the client logs on and off as required with a specially allocated user identification code and password. Since best connect operates in real-time, it virtually puts the client on the trading floor. Dealing quotes show firm two-way prices, held for at least 15 seconds. Whether buying or selling, just indicate quantity and settlement date.
Execution is immediate for deal at quote, deal at market and fill or kill orders.
This means that orders are often executed at better than touch prices. Trades are executed directly with DRKW's principal books and not routed to the market, though automated trade reporting does occur. Prices for European shares may be requested in sterling, euros or US dollars and are based on the local market price, incorporating any FX translation in the quote. An even more extensive range of international stocks will be available via best connect electronically in the months to come. Other settlement periods are available via the telephone.