The following table presents the top 5 execution venues addressed by Birdee in the context of retail business, from 01/01/2024 to 31/12/2024. Birdee relies on order transmission from its depository for execution following the best execution policy of its broker. As such, distinction between passive and aggressive orders as defined in Article 2 of RTS 28 is not relevant for the below reporting. The average number of trades executed per business day during the period is >=1.
EXCHANGE TRADED FUNDS (ETFs)
| Top five execution venues ranked in terms of trading volumes (descending order) | MIC | Proportion of volume traded as a percentage of total in that class |
Proportion of orders executed as a percentage of total in that class |
| EURONEXT PARIS | XPAR | 73,98% |
54,41% |
| EURONEXT MILAN |
XMIL |
14,16% |
38,05% |
| TRADEWEB EUROPE LIMITED | TREU | 11,61% |
0,55% |
| LONDON STOCK EXCHANGE | XLON | 0,19% |
6,42% |
| UBS LONDON BRANCH | UBSY | 0,04% |
0,37% |