Top 5 venue reporting regarding MIFID II;professional clients;financial year 2018;Marcard, Stein & CO AG;
Class of Instrument;AA99 (Equity instruments- Shares and share certificates);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XNYS  New York (NYSE) (NAY);49,56%;42,70%;100,00%;0,00%;97,37%;
XNGS  New York - NASDAQ (NAD);40,29%;32,58%;100,00%;0,00%;100,00%;
XTKS  Tokio (FJT);2,78%;4,49%;100,00%;0,00%;100,00%;
XLON  London (EUL);1,91%;5,62%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);1,82%;6,74%;100,00%;0,00%;100,00%;
Class of Instrument;AA99 (Equity instruments- Shares and share certificates);Tick Size AB (liquidity band A and liquidity band B);
Information on whether an average of < 1 trade per business day was executed in the previous year;N;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XNYS  New York (NYSE) (NAY);65,18%;63,56%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);25,81%;26,78%;100,00%;0,00%;100,00%;
XHKG  Hongkong (FHH);2,54%;0,87%;100,00%;0,00%;100,00%;
XTKS  Tokio (FJT);2,20%;3,71%;100,00%;0,00%;100,00%;
XASX  Sydney (AAS);1,73%;1,39%;100,00%;0,00%;100,00%;
Class of Instrument;AA99 (Equity instruments- Shares and share certificates);Tick Size CD (liquidity band C and liquidity band D);
Information on whether an average of < 1 trade per business day was executed in the previous year;N;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XETR  XETRA (EDE);47,77%;70,61%;100,00%;0,00%;45,37%;
XNGS  New York - NASDAQ (NAD);23,22%;7,12%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);7,65%;4,51%;100,00%;0,00%;100,00%;
XNYS  New York (NYSE) (NAY);5,10%;1,89%;100,00%;0,00%;100,00%;
XWBO  Wien (EAV);3,33%;0,23%;100,00%;0,00%;57,14%;
Class of Instrument;AA99 (Equity instruments- Shares and share certificates);Tick Size EF (liquidity band E and liquidity band F);
Information on whether an average of < 1 trade per business day was executed in the previous year;N;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XETR  XETRA (EDE);39,35%;44,88%;100,00%;0,00%;40,34%;
XPAR  Paris (EFP);14,26%;11,44%;100,00%;0,00%;90,00%;
XLON  London (EUL);7,22%;11,92%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);6,59%;7,72%;100,00%;0,00%;100,00%;
XCSE  Kopenhagen (SDC);6,31%;3,33%;100,00%;0,00%;100,00%;
Class of Instrument;AB99 (Equity instruments- Shares and share certificates);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
PINX  New York-PinkSh.-OTC (NUP);100,00%;100,00%;100,00%;0,00%;100,00%;
Class of Instrument;AB99 (Equity instruments- Shares and share certificates);Tick Size AB (liquidity band A and liquidity band B);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XNYS  New York (NYSE) (NAY);31,68%;31,25%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);26,66%;12,50%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);18,64%;43,75%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);14,95%;6,25%;100,00%;0,00%;100,00%;
XHAM  Hamburg (EDH);8,07%;6,25%;100,00%;0,00%;0,00%;
Class of Instrument;AB99 (Equity instruments- Shares and share certificates);Tick Size CD (liquidity band C and liquidity band D);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XNYS  New York (NYSE) (NAY);53,90%;37,50%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);46,10%;62,50%;100,00%;0,00%;0,00%;
Class of Instrument;AB99 (Equity instruments- Shares and share certificates);Tick Size EF (liquidity band E and liquidity band F);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XLON  London (EUL);47,89%;13,64%;100,00%;0,00%;100,00%;
XSTO  Stockholm (SSS);37,01%;50,00%;100,00%;0,00%;100,00%;
XPAR  Paris (EFP);15,10%;36,36%;100,00%;0,00%;100,00%;
Class of Instrument;AC99 (Exchange traded products (ETPs)Exc);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;N;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XETR  XETRA (EDE);66,12%;81,26%;100,00%;0,00%;17,30%;
XLON  London (EUL);23,44%;14,80%;100,00%;0,00%;100,00%;
CHIX  London - Chi-X Europ (EUI);7,50%;1,85%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);2,28%;0,99%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);0,24%;0,12%;100,00%;0,00%;100,00%;
Class of Instrument;AD99 (other instruments);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XVTX  Zurich - Swiss Blue (ESZ);74,28%;77,78%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);17,02%;11,11%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);8,70%;11,11%;100,00%;0,00%;0,00%;
Class of Instrument;AE99 (other instruments);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XSWX  Zürich (ESE);77,73%;29,59%;100,00%;0,00%;86,21%;
XETR  XETRA (EDE);16,70%;26,53%;100,00%;0,00%;0,00%;
XSTU  Stuttgart (EDS);4,92%;2,04%;100,00%;0,00%;50,00%;
XMCE  Madrid-Soc.d.Bolsas (EES);0,54%;36,73%;100,00%;0,00%;16,67%;
XLON  London (EUL);0,06%;2,04%;100,00%;0,00%;0,00%;
Class of Instrument;BA10 (Debt instruments);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XOFF  Bloomberg (BLOM);96,70%;91,50%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);1,99%;5,50%;100,00%;0,00%;27,27%;
XSTU  Stuttgart (EDS);1,32%;3,00%;100,00%;0,00%;83,33%;
Class of Instrument;BA11 (Debt instruments);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XOFF  Bloomberg (BLOM);100,00%;100,00%;100,00%;0,00%;100,00%;
Class of Instrument;BA12 (Debt instruments);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XOFF  Bloomberg (BLOM);100,00%;100,00%;100,00%;0,00%;100,00%;
Class of Instrument;BA13 (Debt instruments);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XOFF  Bloomberg (BLOM);100,00%;100,00%;100,00%;0,00%;100,00%;
Class of Instrument;BA14 (Debt instruments);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;N;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XOFF  Bloomberg (BLOM);74,15%;62,25%;100,00%;0,00%;99,21%;
XSTU  Stuttgart (EDS);15,75%;25,00%;100,00%;0,00%;92,16%;
XFRA  Frankfurt (EDF);10,10%;12,75%;100,00%;0,00%;13,46%;
Class of Instrument;BA15 (Debt instruments);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XOFF  Bloomberg (BLOM);73,10%;57,63%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);14,75%;23,73%;100,00%;0,00%;0,00%;
XSTU  Stuttgart (EDS);12,15%;18,64%;100,00%;0,00%;100,00%;
Class of Instrument;BE21 (securitized derivatives);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XSTU  Stuttgart (EDS);56,64%;58,25%;100,00%;0,00%;95,00%;
XFRA  Frankfurt (EDF);43,36%;41,75%;100,00%;0,00%;18,60%;
Class of Instrument;BE24 (securitized derivatives);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XFRA  Frankfurt (EDF);75,78%;83,33%;100,00%;0,00%;0,00%;
XSTU  Stuttgart (EDS);24,22%;16,67%;100,00%;0,00%;50,00%;
Class of Instrument;BE99 (securitized derivatives);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XFRA  Frankfurt (EDF);100,00%;100,00%;100,00%;0,00%;0,00%;
Class of Instrument;BF99 (Exchange traded products (ETPs));Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XETR  XETRA (EDE);100,00%;100,00%;100,00%;0,00%;9,09%;
Class of Instrument;C999 (no specific classification);Tick Size -- (not used);
Information on whether an average of < 1 trade per business day was executed in the previous year;Y;
Top five execution venues ranked in terms of trading volumes (descending order) ;Proportion of volume traded as a percentage of total in that class;Proportion of orders executed as percentage of total in that class;Percentage of passive orders;Percentage of aggressive orders;Percentage of directed orders; 
XASX  Sydney (AAS);100,00%;100,00%;100,00%;0,00%;100,00%;