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A Retail Service Provider (RSP) is a firm that provides the price feed for the online electronic quoting system similar to a computerised market maker. Royal Bank of Scotland Stockbroking uses a number of RSPs to help execute your order in accordance with our best execution policy.
We will attempt to execute your order electronically via the RSP system. If we are unable to gain an RSP quote for your order, for example because the size of your order is greater then that available from our RSP's to trade electronically, we will then approach a market maker and deal your order manually. Where appropriate we will obtain multiple price quotes to determine the best price available.
Most trades by retail clients are executed electronically via an RSP..
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