The following table presents the top 5 execution venues addressed by Birdee in the context of retail business, from 01/01/2022 to 31/12/2022. 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 | 66,11% |
49,12% |
| EURONEXT MILAN |
XMIL |
33,23% |
45,37% |
| LONDON STOCK EXCHANGE | XLON | 0,53% |
4,91% |
| XETRA | XETR | 0,07% |
0,37% |
| TRADEWEB EUROPE LIMITED | TREU | 0,03% |
0,10% |