RTS-28 Reporting Obligations 2017
Mackenzie Investments Europe Limited*
RTS-28 REPORTING OBLIGATIONS
As part of an investment firm's best execution processes, The Markets in Financial Instruments Directive (MiFID II) requires asset managers to report their top five brokers for all trading on behalf of clients.
The 2017 calendar year report is summarized below and can be accessed by clicking here.
|Client type||Interaction||Class of Instrument||Period start||Period end||Notification if <1 average trade per business day in the previous year|
|Professional||Placement/transmission||Equities - Shares & Depositary Receipts||01/01/2017||31/12/2017||N|
|Top five investment firms ranked in terms of trading volumes (descending order)||Proportion of volume traded as a percentage of total in that class||Proportion of orders executed as percentage of total in that class||Percentage of passive orders||Percentage of aggressive orders||Percentage of directed orders|
|BARCLAYS CAPITAL SECURITIES LIMITED|K9WDOH4D2PYBSLSOB484||45.34||9.6||0||0||0|
|Bloomberg Tradebook Europe Limited|5493002FO2Q9EGLQ2416||17.05||11.87||0||0||0|
|J.P. Morgan Securities PLC|K6Q0W1PS1L1O4IQL9C32||14.09||15.85||0||0||0|
|CANACCORD GENUITY LIMITED|ZBU7VFV5NIMN4ILRFC23||5.8||0.53||0||0||0|
|Citigroup Global Markets Limited|XKZZ2JZF41MRHTR1V493||4.6||6.22||0||0||0|
Mackenzie Investments Europe Limited* has agreed to consistent commission rates across all brokers. In a typical order, execution factors are ranked as follows:
- Likelihood of execution
- Any other consideration including qualitative factors
For illiquid names, likelihood of execution will drive the broker selection.
Mackenzie Investments Europe Limited* has no close links, conflicts of interest or ownership with any brokers used to execute orders. The firm doesn't have any arrangements with any execution venues regarding payments made or received, discounts, rebates or non‐ monetary benefits received. There have been no changes to note in the list of execution venues. All clients are professional. All trades are monitored and reviewed to ensure a high quality of execution.
*formerly IG International Management Ltd