Top 5 venue reporting regarding MIFID II;retail clients;financial year 2024;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; 
XSWX  Zürich (ESE);50,19%;94,44%;100,00%;0,00%;100,00%;
XNYS  New York (NYSE) (NAY);33,83%;2,78%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);15,98%;2,78%;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);51,77%;46,21%;100,00%;0,00%;100,00%;
XLON  London (EUL);19,21%;16,48%;100,00%;0,00%;100,00%;
XNYS  New York (NYSE) (NAY);15,79%;14,68%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);9,16%;19,86%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);3,83%;2,62%;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);23,90%;54,24%;100,00%;0,00%;91,77%;
XNYS  New York (NYSE) (NAY);19,40%;12,71%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);18,76%;6,23%;100,00%;0,00%;100,00%;
XPAR  Paris (EFP);13,80%;4,97%;100,00%;0,00%;59,51%;
XLON  London (EUL);8,71%;12,31%;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; 
XNYS  New York (NYSE) (NAY);28,68%;48,09%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);21,02%;14,04%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);20,68%;8,34%;100,00%;0,00%;66,16%;
XPAR  Paris (EFP);7,08%;6,41%;100,00%;0,00%;61,54%;
XAMS  Amsterdam (ENA);5,76%;4,53%;100,00%;0,00%;67,87%;
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; 
XPAR  Paris (EFP);64,46%;85,71%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);23,49%;8,57%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);6,29%;2,86%;100,00%;0,00%;0,00%;
XFRA  Frankfurt (EDF);5,77%;2,86%;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; 
BRFQ  BlOCKMATCH MTF RFQ (BRFQ);76,24%;60,54%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);17,40%;30,72%;100,00%;0,00%;67,03%;
XLON  London (EUL);5,16%;6,02%;100,00%;0,00%;100,00%;
XMAD  Madrid-Soc.d.Bolsas (EES);0,47%;0,85%;100,00%;0,00%;95,45%;
XAMS  Amsterdam (ENA);0,33%;0,79%;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);54,57%;83,33%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);45,43%;16,67%;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);93,68%;55,56%;100,00%;0,00%;100,00%;
XPAR  Paris (EFP);3,93%;11,11%;100,00%;0,00%;0,00%;
XLON  London (EUL);2,38%;11,11%;100,00%;0,00%;100,00%;
XMAD  Madrid (EEM);0,01%;22,22%;100,00%;0,00%;50,00%;
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);88,34%;60,83%;100,00%;0,00%;99,85%;
XFRA  Frankfurt (EDF);10,19%;32,28%;100,00%;0,00%;39,34%;
XSTU  Stuttgart (EDS);1,46%;6,88%;100,00%;0,00%;99,66%;
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;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);97,09%;86,45%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);2,88%;13,25%;100,00%;0,00%;20,45%;
XSTU  Stuttgart (EDS);0,02%;0,30%;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);86,40%;76,92%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);9,02%;7,69%;100,00%;0,00%;0,00%;
XSTU  Stuttgart (EDS);4,58%;15,38%;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);73,81%;44,32%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);19,73%;29,34%;100,00%;0,00%;99,74%;
XFRA  Frankfurt (EDF);6,46%;26,34%;100,00%;0,00%;21,28%;
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; 
XFRA  Frankfurt (EDF);55,83%;84,13%;100,00%;0,00%;24,53%;
XOFF  Bloomberg (BLOM);32,35%;7,94%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);11,82%;7,94%;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;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; 
XSTU  Stuttgart (EDS);91,36%;82,79%;100,00%;0,00%;98,31%;
XFRA  Frankfurt (EDF);8,64%;17,21%;100,00%;0,00%;86,49%;
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%;97,96%;
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;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);97,82%;98,78%;100,00%;0,00%;87,22%;
XLON  London (EUL);1,73%;1,02%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);0,44%;0,20%;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;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);99,96%;98,72%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);0,04%;1,28%;100,00%;0,00%;0,00%;