Top 5 venue reporting regarding MIFID II;retail clients;financial year 2020;M.M.Warburg & CO (AG & Co.) KgaA;
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; 
XHKG  Hongkong (FHH);60,15%;47,01%;100,00%;0,00%;100,00%;
XNYS  New York (NYSE) (NAY);10,95%;7,69%;100,00%;0,00%;100,00%;
PURE  Toronto Pure (NCP);10,36%;16,24%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);7,99%;13,68%;37,50%;62,50%;100,00%;
XNGS  New York - NASDAQ (NAD);7,37%;11,11%;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);36,17%;45,95%;100,00%;0,00%;100,00%;
XHKG  Hongkong (FHH);22,74%;11,80%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);13,65%;20,22%;70,15%;29,85%;99,68%;
XTKS  Tokio (FJT);11,15%;4,18%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);4,67%;3,50%;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);70,61%;73,58%;76,80%;23,20%;100,00%;
XSWX  Zürich (ESE);11,45%;6,45%;100,00%;0,00%;100,00%;
XLON  London (EUL);5,00%;4,28%;100,00%;0,00%;100,00%;
XDUB  Dublin (EYD);3,19%;3,45%;100,00%;0,00%;100,00%;
XWBO  Wien (EAV);1,88%;1,83%;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);33,74%;30,33%;78,30%;21,70%;100,00%;
XNYS  New York (NYSE) (NAY);22,34%;28,45%;100,00%;0,00%;100,00%;
XPAR  Paris (EFP);10,27%;8,80%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);8,44%;7,66%;100,00%;0,00%;100,00%;
XHKG  Hongkong (FHH);5,43%;5,37%;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; 
XNYS  New York (NYSE) (NAY);88,13%;92,86%;100,00%;0,00%;100,00%;
PINX  New York-PinkSh.-OTC (NUP);11,87%;7,14%;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;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; 
XNGS  New York - NASDAQ (NAD);65,13%;38,01%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);12,31%;14,71%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);9,12%;11,85%;37,93%;62,07%;100,00%;
XNYS  New York (NYSE) (NAY);4,79%;29,70%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);4,51%;2,18%;0,00%;100,00%;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);59,87%;54,81%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);16,64%;16,33%;35,62%;64,38%;100,00%;
XFRA  Frankfurt (EDF);12,16%;11,41%;100,00%;0,00%;100,00%;
XLON  London (EUL);6,71%;10,51%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);4,21%;6,04%;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);94,52%;83,13%;65,22%;34,78%;100,00%;
XPAR  Paris (EFP);2,94%;9,64%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);1,89%;6,02%;100,00%;0,00%;100,00%;
XLON  London (EUL);0,65%;1,20%;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);67,33%;66,54%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);22,79%;20,66%;54,78%;45,22%;99,98%;
XLON  London (EUL);5,18%;8,06%;100,00%;0,00%;100,00%;
XAMS  Amsterdam (ENA);3,67%;3,99%;100,00%;0,00%;100,00%;
XNGS  New York - NASDAQ (NAD);0,52%;0,37%;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;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);72,01%;66,71%;100,00%;0,00%;99,94%;
XVTX  Zurich - Swiss Blue (ESZ);21,69%;31,55%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);6,30%;1,74%;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);59,08%;21,67%;100,00%;0,00%;98,25%;
XSTU  Stuttgart (EDS);21,83%;3,04%;25,00%;75,00%;100,00%;
XFRA  Frankfurt (EDF);10,49%;17,49%;100,00%;0,00%;34,78%;
BMTF  Bloomberg (BLOM);5,27%;0,38%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);2,93%;11,03%;17,24%;82,76%;13,79%;
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; 
BMTF  Bloomberg (BLOM);91,73%;76,53%;100,00%;0,00%;99,90%;
XFRA  Frankfurt (EDF);7,58%;22,66%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);0,59%;0,58%;19,57%;80,43%;100,00%;
XBER  Berlin-Bremen (EDB);0,06%;0,11%;22,22%;77,78%;100,00%;
XHAN  Hannover (EDI);0,02%;0,05%;0,00%;100,00%;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; 
BMTF  Bloomberg (BLOM);94,16%;71,21%;100,00%;0,00%;95,74%;
XFRA  Frankfurt (EDF);3,69%;19,70%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);2,14%;9,09%;16,67%;83,33%;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; 
BMTF  Bloomberg (BLOM);88,91%;22,22%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);11,09%;77,78%;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; 
BMTF  Bloomberg (BLOM);99,20%;87,18%;100,00%;0,00%;88,24%;
XFRA  Frankfurt (EDF);0,80%;12,82%;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; 
BMTF  Bloomberg (BLOM);84,21%;71,09%;100,00%;0,00%;99,94%;
XFRA  Frankfurt (EDF);12,13%;25,09%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);2,22%;1,99%;19,69%;80,31%;100,00%;
XMUN  München (EDM);0,49%;0,84%;3,09%;96,91%;100,00%;
XDUS  Düsseldorf (EDD);0,36%;0,35%;2,47%;97,53%;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;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; 
BMTF  Bloomberg (BLOM);65,50%;40,54%;100,00%;0,00%;99,87%;
XFRA  Frankfurt (EDF);25,46%;49,00%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);4,99%;3,69%;30,88%;69,12%;100,00%;
XHAN  Hannover (EDI);2,16%;4,77%;27,27%;72,73%;100,00%;
XDUS  Düsseldorf (EDD);1,19%;0,98%;22,22%;77,78%;100,00%;
Class of Instrument;BB99 (Structured financial products);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; 
BMTF  Bloomberg (BLOM);100,00%;100,00%;100,00%;0,00%;100,00%;
Class of Instrument;BD10 (other 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; 
XEUR  EUREX (EDT);100,00%;100,00%;64,71%;35,29%;100,00%;
Class of Instrument;BD21 (Equity 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; 
XEUR  EUREX (EDT);89,33%;82,13%;97,40%;2,60%;100,00%;
XCBO  Chicago (CBOE) (NAV);6,08%;7,75%;100,00%;0,00%;100,00%;
XEUE  Amsterdam D. (ENEXT) (ENH);3,81%;9,16%;100,00%;0,00%;100,00%;
IFLO  London - ICE Fut. Eu (EUL1);0,78%;0,96%;100,00%;0,00%;100,00%;
Class of Instrument;BD99 (other 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; 
XEUR  EUREX (EDT);100,00%;100,00%;95,45%;4,55%;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; 
XFRA  Frankfurt (EDF);58,08%;68,26%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);41,90%;31,72%;32,71%;67,29%;100,00%;
XHAM  Hamburg (EDH);0,02%;0,02%;0,00%;100,00%;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);56,35%;69,68%;27,78%;72,22%;100,00%;
XFRA  Frankfurt (EDF);43,65%;30,32%;100,00%;0,00%;100,00%;
Class of Instrument;BE23 (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%;100,00%;
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);100,00%;100,00%;100,00%;0,00%;100,00%;
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);75,54%;62,16%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);17,01%;29,73%;18,18%;81,82%;100,00%;
XETR  XETRA (EDE);7,45%;8,11%;0,00%;100,00%;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;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);77,98%;75,80%;100,00%;0,00%;100,00%;
XLON  London (EUL);13,79%;21,14%;100,00%;0,00%;100,00%;
XETR  XETRA (EDE);6,14%;2,40%;34,05%;65,95%;100,00%;
XSTU  Stuttgart (EDS);1,97%;0,56%;11,63%;88,37%;100,00%;
XMUN  München (EDM);0,09%;0,05%;0,00%;100,00%;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%;28,57%;71,43%;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; 
XHAM  Hamburg (EDH);34,55%;71,04%;29,61%;70,39%;100,00%;
XFRA  Frankfurt (EDF);28,02%;10,37%;100,00%;0,00%;100,00%;
XSTU  Stuttgart (EDS);24,79%;13,11%;25,58%;74,42%;100,00%;
XDUS  Düsseldorf (EDD);4,79%;3,35%;100,00%;0,00%;100,00%;
XSWX  Zürich (ESE);4,03%;0,61%;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;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; 
WIAX  Warburg Invest AG (WIAG);82,58%;92,38%;100,00%;0,00%;100,00%;
XFRA  Frankfurt (EDF);9,54%;3,61%;100,00%;0,00%;100,00%;
XHAM  Hamburg (EDH);2,99%;1,80%;61,11%;38,89%;100,00%;
XSTU  Stuttgart (EDS);2,81%;1,40%;35,71%;64,29%;100,00%;
XBER  Berlin-Bremen (EDB);1,36%;0,30%;66,67%;33,33%;100,00%;