Top 5 venue reporting regarding MIFID II;retail clients;financial year 2021;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; 
XNGS  New York - NASDAQ (NAD);100,00%;100,00%;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; 
XSWX  Zürich (ESE);48,36%;41,49%;100,00%;0,00%;100,00%;
XLON  London (EUL);27,13%;33,05%;100,00%;0,00%;100,00%;
XNYS  New York (NYSE) (NAY);14,51%;12,73%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);7,68%;10,63%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);1,28%;1,54%;100,00%;0,00%;0,00%;
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);55,84%;44,54%;100,00%;0,00%;42,93%;
XNYS  New York (NYSE) (NAY);13,36%;14,51%;100,00%;0,00%;100,00%;
XPAR  Paris (EFP);12,70%;16,54%;100,00%;0,00%;100,00%;
XLON  London (EUL);4,33%;8,10%;100,00%;0,00%;100,00%;
XAMS  Amsterdam (ENA);4,04%;9,22%;100,00%;0,00%;100,00%;
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);33,35%;15,26%;100,00%;0,00%;37,11%;
XNYS  New York (NYSE) (NAY);18,63%;27,36%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);14,71%;16,04%;100,00%;0,00%;100,00%;
XPAR  Paris (EFP);6,34%;11,29%;100,00%;0,00%;66,86%;
XAMS  Amsterdam (ENA);5,05%;3,64%;100,00%;0,00%;61,16%;
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; 
XNYS  New York (NYSE) (NAY);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; 
XNGS  New York - NASDAQ (NAD);100,00%;100,00%;100,00%;0,00%;100,00%;
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);70,77%;85,71%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);23,61%;2,38%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);5,62%;11,90%;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; 
XETR  XETRA (EDE);77,27%;95,00%;100,00%;0,00%;85,53%;
XNGS  New York - NASDAQ (NAD);16,65%;1,25%;100,00%;0,00%;100,00%;
XSTO  Stockholm (SSS);6,07%;3,75%;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);56,28%;77,36%;100,00%;0,00%;80,37%;
BRFQ  BlOCKMATCH MTF RFQ (BRFQ);36,85%;11,79%;100,00%;0,00%;100,00%;
XLON  London (EUL);5,85%;6,61%;100,00%;0,00%;100,00%;
XOSL  Oslo (SNO);0,32%;0,10%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);0,28%;0,11%;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; 
XSWX  Zürich (ESE);100,00%;100,00%;100,00%;0,00%;100,00%;
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);50,97%;3,33%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);23,30%;76,67%;100,00%;0,00%;0,00%;
XLON  London (EUL);17,32%;6,67%;100,00%;0,00%;100,00%;
XAMS  Amsterdam (ENA);4,79%;6,67%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);3,61%;3,33%;100,00%;0,00%;100,00%;
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;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);89,21%;58,76%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);8,58%;34,58%;100,00%;0,00%;44,82%;
XSTU  Stuttgart (EDS);1,99%;6,04%;100,00%;0,00%;57,41%;
XBER  Berlin-Bremen (EDB);0,21%;0,62%;100,00%;0,00%;18,18%;
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);87,33%;75,00%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);10,25%;8,33%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);2,43%;16,67%;100,00%;0,00%;50,00%;
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);83,21%;60,91%;100,00%;0,00%;99,82%;
XSTU  Stuttgart (EDS);8,98%;21,06%;100,00%;0,00%;91,75%;
XFRA  Frankfurt (EDF);7,82%;18,02%;100,00%;0,00%;23,19%;
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);79,42%;43,56%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);13,30%;36,63%;100,00%;0,00%;51,35%;
XSTU  Stuttgart (EDS);7,27%;19,80%;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);67,87%;61,47%;100,00%;0,00%;92,54%;
XFRA  Frankfurt (EDF);32,13%;38,53%;100,00%;0,00%;71,43%;
Class of Instrument;BE22 (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);100,00%;100,00%;100,00%;0,00%;98,59%;
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; 
XETR  XETRA (EDE);45,92%;33,33%;100,00%;0,00%;0,00%;
DUSA  Düsseldorf (EDD);32,34%;33,33%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);21,74%;33,33%;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);57,86%;92,59%;100,00%;0,00%;0,00%;
BRFQ  BlOCKMATCH MTF RFQ (BRFQ);42,13%;3,70%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);0,01%;3,70%;100,00%;0,00%;100,00%;
Class of Instrument;BG99 (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%;0,00%;
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; 
XSTU  Stuttgart (EDS);82,95%;66,67%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);17,05%;33,33%;100,00%;0,00%;100,00%;
Class of Instrument;CA99 (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;CB99 (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; 
WIAX  Warburg Invest AG (WIAG);83,87%;86,67%;100,00%;0,00%;30,77%;
XFRA  Frankfurt (EDF);16,13%;13,33%;100,00%;0,00%;100,00%;