Top Five Execution Venues Report (RTS28)
NatWest Markets is required under MiFID II to take sufficient steps to obtain the best possible result for its clients when executing and must also make disclosures by publishing reports on execution venue selection (Regulatory Technical Specifications 28).
Further to these obligations as laid out under MiFID II Delegated Regulation C(2016) 3337 and the associated Annex to the Commission delegated Regulation supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the annual publication by investment firms of information on the identity of execution venues and on the quality of execution (Regulatory Technical Specification 28).
Please follow the below links to access the respective information:
Reports | Reporting Period | Report Format |
PLC | ||
2019 submission mifid2 rts28 SFT | 2019 | .xlsx |
2019 submission mifid2 rts28 | 2019 | .xlsx |
RTS28 - NWM Transactions | 2018 | .xls |
RTS28 - NWM Securities Financing Transactions | 2018 | .xls |
RTS 28 - NWM Transactions | 2017 | .xls |
RTS 28 - NWM Securities Financing Transactions | 2017 | .xls |
RTS 28 - NWB Transactions | 2017 | .xls |
NV | ||
2019 submission mifid2 rts28 SFT NV | 2019 | .xlsx |
2019 submission mifid2 rts28 NV | 2019 | .xlsx |
Correction to 2017 Top Five Execution venue information contained in table (g i) updated as of 31/05/2018.
For further information regarding MiFID II, please click here.
This information including associated data reports shows NatWest Market’s top 5 execution venues in terms of trading volumes where it executes client orders in financial instruments and information on the quality of information obtained. It is not marketing material or investment advice and is for information purposes only. The information is required by law pursuant to the provisions of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC, the Commission Delegated Regulation (EU) 2017/576 of 8 June 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the annual publication by investment firms of information on the identity of execution venues and on the quality of execution and the rules of the Financial Conduct Authority and is limited to the provision of execution services to you by NatWest Markets from the European Economic Area (EEA).
[1] Total Consideration is made up of the price of the financial instrument (including any bid/offer spread and the costs related to execution, which includes all expenses incurred by a client which are directly related to the execution of the transaction, including execution venue fees, clearing and settlement fees and any other fees paid to third parties involved in the execution of the transaction. It does not include any sales commission or mark-up (“sales margin”) that may be charged by NatWest Markets.
[2] NatWest Markets takes into account a number of factors ( “Execution Factors”) when executing a client order or transaction, including:
- available price in the market;
- transaction costs (including fees charged for execution on any particular venue, and clearing and settlement costs);
- speed of execution;
- the likelihood of execution and settlement (depending on liquidity in the particular market);
- the size and nature of the transaction; and
- any other consideration that it deems to be relevant to the execution of that transaction.