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