Hi Hingdog. An interpretive impasse perhaps. It is my...

Hi Hingdog. An interpretive impasse perhaps. It is my understanding that if you are a Retail Client 'best outcome' means obtaining best 'total consideration' under the ASIC competition rules. As a Retail Client in achieving best consideration price will generally be the determining factor as to how your order is executed irrespective of whether you select ASX and or CBOE. If you are a registered Wholesale Client however you can choose to exclude yourself from ASIC's best outcome compliance regulations. Which for me at least poses the question of Why? Algorithmic trading and the sometimes need for prevention of cross matching across order books is one such reason. Happy to always debate theory but in this instance each of our interpretation of the relevant acts perhaps differs. Such is the beauty of all things Law I suppose.