Execution

Client type

Interaction

Class of Instrument

Period start

Period end

Notification if <1 average trade per business day in the previous year

Retail

Execution

Structured finance instruments

01/01/2018

31/12/2018

Y

Top five execution venues 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

ING Bank N.V. | 3TK20IVIUJ8J3
ZU0QE75

81.23

68.42

7.69

87.18

0

UBS Switzerland AG | 549300WOIFUS
NYH0FL22

6.66

10.53

0

16.67

0

FINANCIAL AND GENERAL LIMITED | 213800JU4R8C
IUQVUH22

6.23

14.04

0

0

0

KING & SHAXSON LIMITED | 213800ARTVZ
QSADRZ559

3.78

3.51

0

0

0

Peel Hunt LLP | 5493007DWN0R
4YBM4C84

2.02

1.75

0

100

0

Client type

Interaction

Class of Instrument

Period start

Period end

Notification if <1 average trade per business day in the previous year

Professional

Execution

Structured finance instruments

01/01/2018

31/12/2018

Y

Top five execution venues 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

Pershing Securities Limited|549300NC3GURN0AEZU06

75.53

60

0

100

0

ING Bank N.V. | 3TK20IVIUJ8
J3ZU0QE75

23.7

20

0

100

0

FINANCIAL AND GENERAL LIMITED | 213800JU4R8
CIUQVUH22

0.77

20

0

0

0

Placement/transmission

Client type

Interaction

Class of Instrument

Period start

Period end

Notification if <1 average trade per business day in the previous year

Retail

Placement/transmission

Structured finance instruments

01/01/2018

31/12/2018

Y

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

UBS Switzerland AG | 549300WOIFUS
NYH0FL22

100

100

0

50

0