MiFID II RTS 28 Report
MiFID II Regulatory Technical Standard number 28 (‘RTS 28’) requires that investment firms must publish on an annual basis
Types of venues included are: trading venues, systematic internalisers, market makers and other liquidity providers. The information shows in percentages how trade consideration, and order count was split between those ‘top five’ venues. It also shows in percentages how many orders were ‘passive’ (entered into a ‘order book’ that provided liquidity) and how many orders were ‘aggressive’ (entered into an ‘order book’ that took liquidity).
We are required to provide eight statements for each asset class and also provide a summary of the analysis and conclusions which we drew resultant from our detailed monitoring of the quality of execution obtained on the execution venues.
2020
- Pershing 2020 RTS 28 Report [PDF]
- Pershing Top 5 Venues for Equities 2020 Tick Size 1 & 2 [CSV]
- Pershing Top 5 Venues for Equities 2020 Tick Size 3 & 4 [CSV]
- Pershing Top 5 Venues for Equities 2020 Tick Size 5 & 6 [CSV]
- Pershing Top 5 Venues for ETF Trading 2020 [CSV]
- Pershing Top 5 Venues for Fixed Income Trading 2020 [CSV]
2019
- Pershing 2019 RTS 28 Report [PDF]
- Pershing Top 5 Venues for Equities 2019 Tick Size 1 & 2 [CSV]
- Pershing Top 5 Venues for Equities 2019 Tick Size 3 & 4 [CSV]
- Pershing Top 5 Venues for Equities 2019 Tick Size 5 & 6 [CSV]
- Pershing Top 5 Venues for ETF Trading 2019 [CSV]
- Pershing Top 5 Venues for Fixed Income Trading 2019 [CSV]