Top 5 venue reporting regarding MIFID II;professional clients;financial year 2023;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);68,33%;43,33%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);18,42%;16,67%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);13,25%;40,00%;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; 
XNYS  New York (NYSE) (NAY);37,45%;46,63%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);37,02%;19,92%;100,00%;0,00%;100,00%;
XLON  London (EUL);14,32%;21,96%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);9,90%;10,70%;100,00%;0,00%;100,00%;
XVTX  Zurich - Swiss Blue (ESZ);0,48%;0,62%;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; 
XNYS  New York (NYSE) (NAY);35,20%;32,30%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);25,26%;20,06%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);20,22%;8,25%;100,00%;0,00%;32,52%;
XWBO  Wien (EAV);5,06%;6,17%;100,00%;0,00%;70,65%;
XOSL  Oslo (SNO);4,78%;19,09%;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);27,73%;13,50%;100,00%;0,00%;26,49%;
XNYS  New York (NYSE) (NAY);16,63%;20,43%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);15,37%;12,84%;100,00%;0,00%;100,00%;
XPAR  Paris (EFP);11,51%;14,61%;100,00%;0,00%;46,27%;
XTKS  Tokio (FJT);5,56%;0,99%;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);75,58%;97,92%;100,00%;0,00%;100,00%;
XLON  London (EUL);24,42%;2,08%;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);100,00%;100,00%;100,00%;0,00%;100,00%;
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);68,82%;15,63%;100,00%;0,00%;0,00%;
XSTO  Stockholm (SSS);23,76%;82,81%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);7,42%;1,56%;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);66,47%;38,88%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);16,95%;39,60%;100,00%;0,00%;46,55%;
XLON  London (EUL);14,35%;16,92%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);0,93%;2,81%;100,00%;0,00%;100,00%;
XAMS  Amsterdam (ENA);0,91%;0,72%;100,00%;0,00%;90,00%;
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);95,97%;99,09%;100,00%;0,00%;100,00%;
XVTX  Zurich - Swiss Blue (ESZ);4,03%;0,91%;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);61,88%;4,76%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);19,20%;19,05%;100,00%;0,00%;0,00%;
XMAD  Madrid (EEM);18,33%;61,90%;100,00%;0,00%;53,85%;
XPAR  Paris (EFP);0,41%;4,76%;100,00%;0,00%;0,00%;
XFRA  Frankfurt (EDF);0,15%;4,76%;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;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);96,80%;66,10%;100,00%;0,00%;98,19%;
XFRA  Frankfurt (EDF);3,15%;33,22%;100,00%;0,00%;47,94%;
XSTU  Stuttgart (EDS);0,06%;0,68%;100,00%;0,00%;100,00%;
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);98,43%;75,00%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);1,17%;21,43%;100,00%;0,00%;33,33%;
XSTU  Stuttgart (EDS);0,41%;3,57%;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);99,90%;90,00%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);0,10%;10,00%;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;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);90,05%;54,69%;100,00%;0,00%;98,86%;
XFRA  Frankfurt (EDF);5,49%;24,06%;100,00%;0,00%;9,09%;
XSTU  Stuttgart (EDS);4,46%;21,25%;100,00%;0,00%;100,00%;
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);92,25%;63,46%;100,00%;0,00%;96,97%;
XFRA  Frankfurt (EDF);7,26%;34,62%;100,00%;0,00%;44,44%;
XSTU  Stuttgart (EDS);0,49%;1,92%;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);92,22%;84,97%;100,00%;0,00%;99,23%;
XFRA  Frankfurt (EDF);7,78%;13,07%;100,00%;0,00%;35,00%;
XNYS  New York (NYSE) (NAY);0,00%;1,96%;100,00%;0,00%;100,00%;
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%;86,05%;
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; 
XSTU  Stuttgart (EDS);93,46%;75,00%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);6,54%;25,00%;100,00%;0,00%;100,00%;
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);98,22%;91,30%;100,00%;0,00%;50,00%;
XLON  London (EUL);1,78%;8,70%;100,00%;0,00%;100,00%;
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; 
XVES  vestima (VST);59,70%;14,29%;100,00%;0,00%;0,00%;
XSTU  Stuttgart (EDS);40,30%;85,71%;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%;92,86%;
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; 
XVES  vestima (VST);98,85%;80,00%;100,00%;0,00%;25,00%;
XFRA  Frankfurt (EDF);1,15%;20,00%;100,00%;0,00%;0,00%;