Share Prices & Company Research

RTS 28 Report for January - December 2019

   

Top 5 Counterparties by Total Value

 

Debt Instruments - Bonds

Notification if <1 average trade per business day in previous year Yes (BNP Paribas Average < 1 trade per day)

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VALUE
(DESCENDING ORDER)

PROPORTION OF VALUE TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Winterflood 32.53 37.27 91.74 8.15 0.00
Peel Hunt 22.76 36.88 86.84 6.03 0.00
Canaccord Genuity 13.23 18.43 87.83 10.84 0.00
BNP Paribas (Sanlam Securities) 8.25 0.04 0.00 0.00 0.00
BNP Paribas (Luna Nominees Ltd) 6.21 0.22 0.00 0.00 0.00

 

EQUITIES - LIQUIDITY BAND 1 AND 2 (FROM 0-79 TRADES PER DAY)

Notification if <1 average trade per business day in previous year No

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VALUE
(DESCENDING ORDER)

PROPORTION OF VALUE TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Winterflood 22.31 29.78 87.36 9.14 0.00
Peel Hunt 18.52 18.30 79.02 14.07 0.00
Cantor Fitzgerald 7.17 7.94 88.23 11.52 0.00
Numis Securities 6.56 5.23 89.23 10.74 0.00
NPLUS 1 Singer Capital Markets 5.07 5.89 90.46 9.51 0.00

 

Equities - liquidity band 3 and 4 (from 80-1,999 trades per day)

Notification if <1 average trade per business day in previous year No

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VALUE
(DESCENDING ORDER)

PROPORTION OF VALUE TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Peel Hunt 24.24 28.55 89.60 9.50 0.00
Winterflood 21.26 30.79 85.51 13.63 0.00
Investec Bank 9.46 5.77 66.16 33.49 0.00
Numis Securities 6.84 6.27 90.23 9.59 0.00
Stifel Nicolaus Europe Ltd 4.42 3.52 74.23 25.59 0.00

 

Equities – liquidity bands 5 And 6 (from 2,000 trades per day)

Notification if <1 average trade per business day in previous year No

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VALUE
(DESCENDING ORDER)

PROPORTION OF VALUE TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Winterflood 38.45 52.88 82.26 17.08 0.00
Peel Hunt 21.13 23.18 84.54 14.71 0.00
Investec Bank 19.38 7.28 43.58 56.42 0.00
Stifel Nicolaus Europe Ltd (STFL) 7.66 6.50 77.02 22.96 0.00
Stifel Nicolaus Europe Ltd (STF.) 3.28 0.55 71.14 28.86 0.00

 

Exchange traded products (inc. Exchange traded funds, exchange traded notes
and exchange traded commodities)

Notification if <1 average trade per business day in previous year No

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VALUE
(DESCENDING ORDER)

PROPORTION OF VALUE TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Winterflood 52.04 25.62 66.68 28.14 0.00
Stifel Nicolaus Europe Ltd 22.45 14.22 69.25 30.65 0.00
Peel Hunt 10.26 19.12 72.68 24.69 0.00
Winterflood Gilts Limited 7.04 22.31 77.33 22.60 0.00
Investec Bank 4.61 10.73 66.54 32.81 0.00

 

Securitised Derivatives – Warrants and Certificate Derivatives

Notification if <1 average trade per business day in previous year Yes all counterparties

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VALUE
(DESCENDING ORDER)

PROPORTION OF VALUE TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Peel Hunt 66.74 30.00 0.00 100.00 0.00
Societe Generale S.A. 16.16 10.00 0.00 0.00 0.00
Winterflood 13.60 40.00 75.00 25.00 0.00
Stockdale Securities Ltd 3.48 10.00 100.00 0.00 0.00
Canaccord Genuity Ltd 0.02 10.00 100.00 0.00 0.00

 

STRUCTURED FINANCE INSTRUMENTS

Notification if <1 average trade per business day in previous year Yes all counterparties

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VALUE
(DESCENDING ORDER)

PROPORTION OF VALUE TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Peel Hunt 38.53 25.00 75.00 25.00 0.00
Winterflood 21.65 31.25 20.00 80.00 0.00
Leonteq Securities 17.96 18.75 31.25 0.00 0.00
S G Option Europe 11.11 12.50 50.00 0.00 0.00
Stifel Nicolaus Europe Ltd 10.76 12.50 100.00 0.00 0.00

 

Other

Notification if <1 average trade per business day in previous year Yes all counterparties

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VALUE
(DESCENDING ORDER)

PROPORTION OF VALUE TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Link Asset Services 77.59 30.60 0.00 0.00 0.00
Thomas Grant & Co Ltd 7.94 3.28 0.00 0.00 0.00
Peel Hunt 2.24 12.02 0.00 4.55 0.00
Winterflood 1.63 7.65 7.14 0.00 0.00
DBS Vickers Securities (UK) Ltd 0.82 3.83 0.00 100.00 0.00


The determination of 'passive' and 'aggressive' orders is based on their price in relation to touch at the time they were placed, with an 'aggressive' order being one which crosses touch such as a buy order at a price greater than or equal to the best offer at the time. Orders for which no market data was available cannot be classified as either 'passive' or 'aggressive' so these percentages may not add up to 100%.

 

Top 5 Counterparties by PERCENTAGE VOLUME

 

Debt Instruments - Bonds

Notification if <1 average trade per business day in previous year Yes - Arctic Securities & Pershing Ltd

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VOLUMEs
(DESCENDING ORDER)

PROPORTION OF VOLUME TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS A % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Winterflood 27.23 37.27 91.74 8.15 0.00
Peel Hunt 21.63 36.88 86.84 6.03 0.00
Canaccord Genuity Ltd 18.22 18.43 87.83 10.84 0.00
Arctic Securities 7.93 0.20 20.00 40.00 0.00
Pershing Ltd 7.18 1.28 60.32 25.40 0.00

 

EQUITIES - LIQUIDITY BAND 1 AND 2 (FROM 0-79 TRADES PER DAY)

Notification if <1 average trade per business day in previous year No

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VOLUMEs
(DESCENDING ORDER)

PROPORTION OF VOLUME TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Winterflood 26.01 29.78 87.36 9.14 0.00
Peel Hunt 16.59 18.30 79.02 14.07 0.00
Cantor Fitzgerald 12.38 7.94 88.23 11.52 0.00
Shore Capital 8.41 5.93 85.65 13.63 0.00
Stifel Nicolaus Europe 4.83 1.71 76.00 22.43 0.00

 

Equities - liquidity band 3 and 4 (from 80-1,999 trades per day)

Notification if <1 average trade per business day in previous year No

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VOLUMEs
(DESCENDING ORDER)

PROPORTION OF Volume TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Shore Capital 20.99 4.56 77.71 21.70 0.00
Peel Hunt 19.43 28.55 89.60 9.56 0.00
Winterfloods 18.37 30.79 85.51 13.63 0.00
Cantor Fitzgerald 8.99 3.80 85.47 13.50 0.00
Stifel Nicolaus Europe 5.36 3.52 74.23 25.59 0.00

 

Equities – liquidity bands 5 And 6 (from 2,000 trades per day)

Notification if <1 average trade per business day in previous year No

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING VOLUMEs
(DESCENDING ORDER)

PROPORTION OF VOLUME TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS A % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% of directed orders

Winterflood 32.54 52.88 82.26 17.08 0.00
Investec Bank 20.58 7.28 43.58 56.42 0.00
Peel Hunt 19.46 23.18 84.54 14.71 0.00
Stifel Nicolaus Europe 5.20 6.50 77.02 22.96 0.00
Shore Capital 4.46 3.33 78.06 21.94 0.00

 

Exchange traded products (inc. Exchange traded funds, exchange traded notes
and exchange traded commodities)

Notification if <1 average trade per business day in previous year No

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING Volumes
(DESCENDING ORDER)

PROPORTION OF Volume TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Winterflood 60.45 25.62 66.68 28.14 0.00
Stifel Nicolaus Europe Ltd 19.57 14.22 69.25 30.65 0.00
Peel Hunt 10.95 19.12 72.68 24.69 0.00
Investec Bank 4.05 10.73 1.86 71.43 0.00
Winterflood Gilts Ltd 2.22 22.31 77.33 22.60 0.00

 

Securitised Derivatives – Warrants and Certificate Derivatives

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

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING Volumes
(DESCENDING ORDER)

PROPORTION OF Volume TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Stockdale Securities 52.98 10.00 100.00 0.00 0.00
Peel Hunt 34.70 30.00 0.00 100.00 0.00
Winterflood 8.92 40.00 75.00 25.00 0.00
Canaccord Genuity 3.09 10.00 100.00 0.00 0.00
Societe Generale S. A. 0.32 10.00 0.00 0.00 0.00

 

structured finance instruments

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

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING Volumes
(DESCENDING ORDER)

PROPORTION OF Volume TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF dIRECTED ORDERS

Leonteq 86.42 18.75 0.00 0.00 0.00
Winterfloods 6.93 31.25 20.00 80.00 0.00
Peel Hunt 3.23 25.00 75.00 25.00 0.00
SG Option Europe S.A. 2.95 12.50 50.00 0.00 0.00
Stifel Nicolaus Europe 0.47 12.50 100.00 0.00 0.00

 

Other

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

TOP 5 EXECUTION VENUES RANKED IN TERMS OF TRADING Volumes
(DESCENDING ORDER)

PROPORTION OF Volume TRADED AS A % OF TOTAL IN THAT CLASS

PROPORTION OF ORDERS EXECUTED AS a % OF TOTAL IN THAT CLASS

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF dIRECTED ORDERS

Placing 43.24 19.67 0.00 0.00 0.00
Peel Hunt 25.72 12.02 0.00 4.55 0.00
Leonteq 16.20 30.60 0.00 0.00 0.00
Thomas Grant & Co Ltd 13.17 3.28 0.00 0.00 0.00
DBS Vickers Securities 0.55 3.83 0.00 100.00 0.00


The determination of 'passive' and 'aggressive' orders is based on their price in relation to touch at the time they were placed, with an 'aggressive' order being one which crosses touch such as a buy order at a price greater than or equal to the best offer at the time. Orders for which no market data was available cannot be classified as either 'passive' or 'aggressive' so these percentages may not add up to 100%.

 

Top 5 Counterparties by NUMBER OF SHARE ORDERS/EXECUTIONS


Debt Instruments - Bonds

Notification if <1 average trade per business day in previous year Yes RIA Capital Markets & Pershing ltd

Top 5 execution venues ranked in terms of number of trades
(DESCENDING ORDER)

% of orders made

% OF PASSIVE ORDERS

% OF AGGRESSIVE ORDERS

% OF DIRECTED ORDERS

Ave less than 1 per business day

Winterflood 37.27 91.74 8.15 0.00 No
Peel Hunt 36.88 88.64 6.03 0.00 No
Canaccord Genuity 18.43 87.83 10.84 0.00 No
RIA Capital Markets 2.20 54.63 32.41 0.00 Yes
Pershing Ltd 1.28 60.32 25.40 0.00 Yes

 

EQUITIES - LIQUIDITY BAND 1 AND 2 (FROM 0-79 TRADES PER DAY)

Notification if <1 average trade per business day in previous year No

Top 5 execution venues ranked in terms of number of trades
(DESCENDING ORDER)

% of orders made

% of Passive orders

% of Aggressive orders

% of Directed  orders

Ave less than 1 per business day

Winterflood 29.78 87.36 9.14 0.00 No
Peel Hunt 18.30 79.02 14.07 0.00 No
Cantor Fitzgerald 7.94 88.23 11.52 0.00 No
Shore Capital 5.93 85.65 13.63 0.00 No
NPLUS1 Singer Capital Markets 5.89 90.46 9.51 0.00 No

 

Equities - liquidity band 3 and 4 (from 80-1,999 trades per day)

Notification if <1 average trade per business day in previous year No

Top 5 execution venues ranked in terms of number of trades
(DESCENDING ORDER)

% of orders made

% of Passive orders

% of Aggressive orders

% of Directed  orders

Ave less than 1 per business day

Winterflood 30.79 85.51 13.63 0.00 No
Peel Hunt 28.55 89.60 9.56 0.00 No
Numis Securities 6.27 90.23 9.59 0.00 No
Investec Bank 5.77 66.16 33.49 0.00 No
Shore Capital 4.56 77.71 21.70 0.00 No

 

Equities – liquidity bands 5 And 6 (from 2,000 trades per day)

Notification if <1 average trade per business day in previous year No

Top 5 execution venues ranked in terms of number of trades
(DESCENDING ORDER)

% of orders made

% of Passive orders

% of Aggressive orders

% of Directed  orders

Ave less than 1 per business day

Winterflood 52.88 82.26 17.08 0.00 No
Peel Hunt 23.18 84.54 14.71 0.00 No
Investec Bank 7.28 43.58 56.42 0.00 No
Stifel Nicolaus Europe Ltd 6.50 77.02 22.96 0.00 No
Shore Capital 3.33 78.06 21.94 0.00 No

 

Exchange traded products (inc. Exchange traded funds, exchange traded
notes and exchange traded commodities)

Notification if <1 average trade per business day in previous year No

Top 5 execution venues ranked in terms of number of trades
(DESCENDING ORDER)

% of orders made

% of Passive orders

% of Aggressive orders

% of Directed  orders

Ave less than 1 per business day

Winterflood (WINS) 25.62 66.68 28.14 0.00 No
Winterflood (WING) 22.31 77.33 22.60 0.00 No
Peel Hunt 19.12 72.68 24.69 0.00 No
Stifel Nicolaus Europe Ltd 14.22 69.25 30.65 0.00 No
Investec Bank 10.73 66.54 32.81 0.00 No

 

Securitised Derivatives – Warrants and Certificate Derivatives

Notification if <1 average trade per business day in previous year Yes - all counterparties

Top 5 execution venues ranked in terms of number of trades
(DESCENDING ORDER)

% of orders made

% of Passive orders

% of Aggressive orders

% of Directed  orders

Ave less than 1 per business day

Winterflood 40.00 75.00 25.00 0.00 Yes
Peel Hunt 30.00 0.00 100.00 0.00 Yes
Canaccord Genuity 10.00 100.00 0.00 0.00 Yes
Stockdale Securities 10.00 100.00 0.00 0.00 Yes
Societe Generale 10.00 0.00 0.00 0.00 Yes

 

STRUCTURED FINANCE INSTRUMENTS

Notification if <1 average trade per business day in previous year Yes - all counterparties

Top 5 execution venues ranked in terms of number of trades
(DESCENDING ORDER)

% of orders made

% of Passive orders

% of Aggressive orders

% of Directed  orders

Ave less than 1 per business day

Winterflood 31.25 20.00 80.00 0.00 Yes
Peel Hunt 25.00 75.00 25.00 0.00 Yes
Leonteq Securities 18.75 0.00 0.00 0.00 Yes
Stifel Nicolaus Europe Ltd 12.50 100.00 0.00 0.00 Yes
SG Option Europe 12.50 50.00 0.00 0.00 Yes

 

Other

Notification if <1 average trade per business day in previous year Yes all counterparties

Top 5 execution venues ranked in terms of number of trades
(DESCENDING ORDER)

% of orders made

% of Passive orders

% of Aggressive orders

% of Directed  orders

Ave less than 1 per business day

Link Asset Services 30.60 0.00 0.00 0.00 Yes
Placing 19.67 0.00 0.00 0.00 Yes
Peel Hunt 12.02 0.00 4.55 0.00 Yes
Winterflood 7.65 7.14 0.00 0.00 Yes
DBS Vickers Securities 3.83 0.00 100.00 0.00 Yes


The determination of 'passive' and 'aggressive' orders is based on their price in relation to touch at the time they were placed, with an 'aggressive' order being one which crosses touch such as a buy order at a price greater than or equal to the best offer at the time. Orders for which no market data was available cannot be classified as either 'passive' or 'aggressive' so these percentages may not add up to 100%.

 

Notes

  1. Redmayne Bentley makes no differentiation between retail and professional clients when executing orders and that all clients are treated as retail for the purposes of best execution.
  2. Redmayne Bentley’s full Order Execution Policy is available here.
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