Holbein Partners LLP
RTS 28 Assessment of Execution Year Ending December 31, 2017
Overview
The Regulatory Technical Standard 28 (‘RTS 28’) of the updated Markets in Financial Instruments Directive (‘MiFID II’), Holbein Partners LLP (‘Holbein’) is required, on an annual basis, to provide information regarding the top five execution venues it utilised to undertake transactions for individual classes of financial instruments, along with certain information pertaining to the trading volume of applicable instruments:
- Equities;
- Debt Instruments; and
- Exchange Traded Products.
Top 5 Execution Venues report details include the:
- Class of Financial Instrument;
- Execution venue name;
- Information on the total volume (value of trades);
- Number of trades as a percentage of all client orders executed;
- Confirmation of whether we have executed an average of less than one trade per business day in the previous year:
- Percentage of Passive and Aggressive Orders; and
- Percentage of Directed Orders.
Top five execution venue reports are available in machine-readable CSV format upon request.
Holbein has a Best Execution Policy which outlines all of the reasonable steps that we must take to ensure that we achieve ‘best execution’ in obtaining the best possible results for our clients when carrying out transactions on their behalf. This policy is publicly available on our website www.holbeinpartners.com.
RTS 28 – Year Ending December, 31, 2017
|
Class of Instrument |
Equities |
Notification if <1 average trade per business day in the previous year |
YES |
||
|
Top five venues ranked in terms of trading volumes |
Proportion of volume traded as a percentage of total in that class |
Proportion of orders executed as a percentage of total in that class |
Percentage of passive orders |
Percentage of aggressive orders |
Percentage of directed orders |
|
Lombard Odier |
70% |
84% |
N/A |
N/A |
N/A |
|
DNB |
30% |
16% |
N/A |
N/A |
N/A |
|
ABN Amro |
<1% |
<1% |
N/A |
N/A |
N/A |
|
Pictet |
<1% |
<1% |
N/A |
N/A |
N/A |
|
UBS |
<1% |
<1% |
N/A |
N/A |
N/A |
|
Class of Instrument |
Debt Instruments |
Notification if <1 average trade per business day in the previous year |
YES |
||
|
Top five venues ranked in terms of trading volumes |
Proportion of volume traded as a percentage of total in that class |
Proportion of orders executed as a percentage of total in that class |
Percentage of passive orders |
Percentage of aggressive orders |
Percentage of directed orders |
|
Lombard Odier |
91% |
68% |
N/A |
N/A |
N/A |
|
DNB |
5% |
5% |
N/A |
N/A |
N/A |
|
Pictet Geneva |
3% |
24% |
N/A |
N/A |
N/A |
|
ABN Amro |
1% |
3% |
N/A |
N/A |
N/A |
|
UBS |
<1% |
<1% |
N/A |
N/A |
N/A |
Class of Instrument |
Exchange Traded Instruments |
Notification if <1 average trade per business day in the previous year |
YES |
|
Top five venues ranked in terms of trading volumes |
Proportion of volume traded as a percentage of total in that class |
Proportion of orders executed as a percentage of total in that class |
Percentage of passive orders |
Percentage of aggressive orders |
Percentage of directed orders |
|
Lombard Odier |
96% |
94% |
N/A |
N/A |
N/A |
|
DNB |
4% |
3% |
N/A |
N/A |
N/A |
|
Pictet Geneva |
<1% |
3% |
N/A |
N/A |
N/A |
|
UBS |
<1% |
<1% |
N/A |
N/A |
N/A |
|
ABM Amro |
<1% |
<1% |
N/A |
N/A |
N/A |
Holbein Partners LLP