RTS-28 Reporting Obligations 2018

Mackenzie Investments Europe Limited*
RTS-28/Art 65(6) Disclosure for the period from January 1 to December 31 2018

Published Under Article 65(6) of the Commission Delegated Regulation (EU) 2017/565 (Markets in Financial Instruments Directive II)

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 2018 calendar year report for Equities – Shares and Depositary Receipts (Tick Band 1 and 2) can be found by clicking here

The 2018 calendar year report for Equities – Shares and Depositary Receipts (Tick Band 3 and 4) can be found by clicking here

The 2018 calendar year report for Equities – Shares and Depositary Receipts (Tick Band 5 and 6) can be found by clicking here

The 2018 calendar year report for Exchange Traded Products can be found by clicking here

The 2018 calendar year report for Other Instruments can be found by clicking here

The full 2018 calendar year report containing all information can be found by clicking here

Equities – Shares & Depositary Receipts (Tick band 5 and 6)
Notification if <1 average trade per business day in the previous year 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
INSTINET EUROPE LIMITED|213800MXAKR2LA1VBM44 16% 29% 43% 56% 0%
LIQUIDNET EUROPE LIMITED|213800ZIRB79BE5XQM68 13% 0% 62% 5% 0%
JEFFERIES INTERNATIONAL LIMITED|S5THZMDUJCTQZBTRVI98  10% 6% 0% 100% 0%
Merrill Lynch International|GGDZP1UYGU9STUHRDP48 8% 4% 0% 92% 0%
Sanford C. Bernstein Limited|54930049G8WQ5OOUSD19 7% 7% 100% 0% 0%

 

Equities – Shares & Depositary Receipts (Tick band 3 and 4)
Notification if <1 average trade per business day in the previous year 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
Sanford C. Bernstein
Limited|54930049G8WQ5OOUSD19
31% 20% 100% 0% 0%
Citigroup Global Markets
Limited|XKZZ2JZF41MRHTR1V493
17% 11% 2% 0% 0%
LIQUIDNET EUROPE
LIMITED|213800ZIRB79BE5XQM68
12% 0% 39% 3% 0%
J&E Davy|63540061DPCBNMCGRY22 7% 0% 0% 0% 0%
INSTINET EUROPE
LIMITED|213800MXAKR2LA1VBM44
7% 20% 52% 47% 0%

 

Equities – Shares & Depositary Receipts (Tick band 1 and 2)
Notification if <1 average trade per business day in the previous year  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
NUMIS SECURITIES LIMITED|213800P3F4RT97WDSX47  57% 5% 0% 0% 0%
Goodbody Stockbrokers UC|635400IL71G3SXS7OE16  29% 2% 72% 0% 0%
Joh. Berenberg, Gossler & Co. KG|529900UC2OD7II24Z667  5% 2% 21% 0% 0%
LIQUIDNET EUROPE LIMITED|213800ZIRB79BE5XQM68 3% 1% 78% 0% 0%
J&E Davy|63540061DPCBNMCGRY22 1% 2% 0% 0% 0%

 

Exchange Traded Products
Notification if <1 average trade per business day in the previous year  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
INSTINET EUROPE LIMITED|213800MXAKR2LA1VBM44 94% 98% 74% 26% 0%
LIQUIDNET EUROPE LIMITED|213800ZIRB79BE5XQM68 6% 2% 100% 0% 0%

 

Other Instruments
Notification if <1 average trade per business day in the previous year  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
INSTINET EUROPE LIMITED|213800MXAKR2LA1VBM44  85% 99% 60% 40% 0%
LIQUIDNET EUROPE LIMITED|213800ZIRB79BE5XQM68  15% 0% 6% 0% 0%
Penserra Securities
LLC|549300WY8ZBI168Y6Z05 
0% 1% 100% 0% 0%

 

Qualitative Data for RTS 28 for period from January 1 to December 31 2018

Equities

a) Our execution process is designed ensure the best possible execution on a consistent basis considering the following factors;

  • Price
  • Cost
  • Likelihood of execution
  • Speed
  • Confidentiality from our counterparty
  • Liquidity
  • Settlement

b) Mackenzie Investments Europe Limited* has no close links, conflicts of interest or ownership with any brokers used to execute orders

c) The firm doesn't have any arrangements with any execution venues regarding payments made or received, discounts, rebates or non‐ monetary benefits received

d) We continually assess execution venues to ensure they provide us the highest quality execution on a consistent basis

e) All our clients are professional

f) Not applicable

g) All trades are monitored and reviewed to ensure the highest quality of execution

h) Not applicable

*formerly IG International Management Ltd

Back to top