When executing a client order, a Licensed Person must take into account the following criteria: 1. Nature and needs of the Client. 2. Client’s categorisation as a Retail Client or Professional Client. 3. Characteristics of the order to be executed. 4. Characteristics of Securities subject of order, including type and nature. 5. Characteristics of the execution venues to which that order can be directed. 6. Execute orders with priority according to the order they were received by the Clients. If the transactions are executed based on the Client’s orders, then the Licensed Person shall be released from the obligations mentioned in items (1) through (4) of this Article.