Introduction to the top 5 annual reports and evaluation of execution quality:

In accordance with section 82 (9) of the German Securities Trading Act (WpHG), please find attached the five execution venues (brokers and trading venues) for each category of financial instrument of greatest importance in terms of trading volume on which we executed customer orders in the previous year, as well as information on the execution quality achieved in accordance with the requirements of Commission Delegated Regulation (EU) 2017/576 of 8 June 2016 supplementing Directive 2014/65/EU of the European Parliament and Council on the basis of technical regulation standards for the annual publication of information by securities firms on the identity of trading venues and execution quality (Official Journal of the European Union L 87 of 31 March 2017, p. 166).

The following information relates to the ancillary services provided by Universal-Investment-Luxembourg S.A. for financial portfolio management.

1. Equity instruments

Evaluation of execution quality (PDF)

Mifid II publication top5 annual report  (Excel)

2. Debt instruments (debt securities, money market instruments)

Evaluation of execution quality (PDF) 

Mifid II publication top5 annual report  (Excel)

3. Interest rate derivatives

Evaluation of execution quality (PDF)

Mifid II publication top5 annual report  (Excel)

4. Credit derivatives

Evaluation of execution quality (PDF)

Mifid II publication top5 annual report (Excel)

5. Currency derivatives
Evaluation of execution quality (PDF)

Mifid II publication top5 annual report  (Excel)

6. Structured finance instruments

Evaluation of execution quality (PDF)

Mifid II publication top5 annual report (Excel)

7. Equity derivatives
Evaluation of execution quality (PDF)

Mifid II publication top5 annual report (Excel)

8. Exchange-traded products
Evaluation of execution quality (PDF)

Mifid II publication top5 annual report   (Excel)

9. Securitized derivatives

Evaluation of execution quality (PDF)

Mifid II publication top5 annual report  (Excel)

10. Commodities derivatives

Evaluation of execution quality (PDF)

Mifid II publication top5 annual report (Excel)

11. Contracts for differences

 Evaluation of execution quality (PDF)

Mifid II publication top5 annual report  (Excel)

12. Emission allowances

Evaluation of execution quality (PDF)

Mifid II publication top5 annual report  (Excel)

13. Other instruments