Skip Navigation

RTS-28 Reporting Obligations 2019

Mackenzie Investments Europe Limited*
RTS-28/Art 65(6) Disclosure for the period from January 1 to December 31, 2019

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 2019 calendar year report for Equities – Shares and Depositary Receipts (Tick Band 1 and 2) can be found by clicking here

The 2019 calendar year report for Equities – Shares and Depositary Receipts (Tick Band 3 and 4) can be found by clicking here

The 2019 calendar year report for Equities – Shares and Depositary Receipts (Tick Band 5 and 6) can be found by clicking here

The 2019 calendar year report for Exchange Traded Products can be found by clicking here

The 2019 calendar year report for Other Instruments can be found by clicking here

The full 2019 calendar year report containing all information can be found by clicking here

Professional Clients

Class of Instrument Equity Liquidity Bands 1-2
<1 Average trade per business day Y
Counterparty Volume Traded (%) Proportion of Orders Executed Directed Trade (% Volume)
GFIS 33.40% 3.90% 0.00%
Sanford C. Bernstein 23.90% 21.70% 0.00%
Carnegie 6.40% 12.40% 0.00%
Davy 5.00% 4.70% 0.00%
Liberum 4.40% 8.50% 0.00%
Class of Instrument Equity Liquidity Bands 3-4
<1 Average trade per business day Y
Counterparty Volume Traded (%) Proportion of Orders Executed Directed Trade (% Volume)
Kepler 12.60% 10.10% 0.00%
JP Morgan 11.00% 20.10% 0.00%
Davy 10.10% 6.30% 0.00%
Credit Suisse 9.90% 5.90% 0.00%
Instinet 6.60% 3.60% 0.00%
Class of Instrument Equity Liquidity Bands 5-6
<1 Average trade per business day Y
Counterparty Volume Traded (%) Proportion of Orders Executed Directed Trade (% Volume)
Kepler 11.00% 10.80% 0.00%
Jefferies 9.30% 9.60% 0.00%
JP Morgan 7.80% 10.50% 0.00%
Sanford C. Bernstein 6.90% 8.10% 0.00%
Barclays 5.10% 7.00% 0.00%
Class of Instrument Exchange Traded Products
<1 Average trade per business day Y
Counterparty Volume Traded (%) Proportion of Orders Executed Directed Trade (% Volume)
GFIS 100.00% 100.00% 0.00%
Class of Instrument Other
<1 Average trade per business day Y
Counterparty Volume Traded (%) Proportion of Orders Executed Directed Trade (% Volume)
Davy 25.40% 1.30% 0.00%
Jefferies 18.50% 16.90% 0.00%
Barclays 9.00% 11.70% 0.00%
Kepler 8.70% 5.20% 0.00%
Morgan Stanley 7.80% 3.90% 0.00%

Qualitative Data for RTS 28 for period from January 1 to December 31, 2019

Equities - Analysis and conclusions from monitoring the quality of execution in accordance with Commission Delegated Regulation (EU) 2017/576 Article 3(3) (a) to (f)

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 as we do not execute retail client orders

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

h) Not applicable as we have not used the output of a consolidated tape provider

*formerly IG International Management Ltd

Back to top