RTS 28
Top 5
Execution Venues Reporting
Tradefora’s RTS28 solution helps automate the reporting process by generating all the required reporting tables across multiple categories, making it easy to navigate.
Directive 2014/65/EU in financial instruments
(MiFID II) requires investment firms who execute client orders to summarise and make public on an annual basis, for each class of financial instruments the top five execution venues in terms of trading volumes where they executed client orders in the preceding year and information on the quality of execution obtained.
In order to produce this report, investment firms (incl. asset managers, broker-dealers, hedge funds and banks) must constantly monitor and record their order flow routing for both retail and professional clients across 13 distinct product types and 22 asset classes both exchange-traded and OTC.
RTS28 report must be generated in a standardized format and published on publicly available resources.
Reporting
categories
-
Date range
-
Client type
3. Instrument category
4. Venue type
Reports are grouped by month and broken down by retail and professional orders with a subsequent breakdown by Directed and Non-Directed orders.
Product Types
1
Commodity derivatives
-
Futures & Options
-
Other commodity derivatives
2
Contracts for difference (CFDs)
3
Credit derivatives
-
Futures & Options
-
Other credit derivatives
4
Currency derivatives
-
Futures & Options
-
Swaps, forwards & other currency derivatives
5
Debt Instruments
-
Bonds
-
Money market instruments Emissions allowances
6
Currency derivatives
-
Futures & Options
-
Swaps, forwards & other currency derivatives
7
Equities
-
Tick size liquidity band 1 & 2
-
Tick size liquidity band 3 & 4
-
Tick size liquidity band 5 & 6
8
Equity derivatives
-
Futures & Options
-
Swaps & other equity derivatives Exchange-traded products
9
Exchange-traded products
10
Equity derivatives
-
Futures & Options
-
Swaps, forwards & other interest rate derivatives
11
Securitized derivatives
-
Warrants & certificate derivatives
-
Other securitized derivatives
12
Structured finance instruments
13
Other Instruments
Trust Tradefora’s best execution automation experts for peace of mind on your regulatory reporting needs for RTS28!
