QUANTITATIVE REPORT TOP 5 BROKERS / TOP 5 VENUES
In accordance with the provisions concerning best execution laid down in Article 27 of Directive 2014/65/EU of 15 May 2014, known as MiFID II, transposed by Article 47 of the Consob Intermediaries Regulation no. 20307/2018, below we provide the required data on the orders executed by the execution venues.

With reference to the period 1 January – 31 December 2018, we have published a document that specifies, for each class of financial instruments:

  • the top five execution venues where the bank directly executes client orders;
  • the top five investment firms (brokers) used by the bank..

The trading volumes and number of orders executed, expressed as a percentage of the total for each class, are reported for every venue/broker. In addition to the quantitative information there is a qualitative section which includes qualitative specifications relating to compliance with the established criteria for ensuring best execution, for both retail customers and professional clients.