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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);97,07%;99,63%;100,00%;0,00%;100,00% 
J P Morgan SE FFM (549300ZK53CNGEEI6A29);2,93%;0,37%;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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);100,00%;100,00%;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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);100,00%;100,00%;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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);99,94%;99,90%;100,00%;0,00%;100,00% 
J P Morgan SE FFM (549300ZK53CNGEEI6A29);0,06%;0,10%;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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);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;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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);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;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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);100,00%;100,00%;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 
Flow Traders B V (549300CLJI9XDH12XV51);39,28%;37,40%;100,00%;0,00%;100,00% 
Jane Street Financial Ltd. (549300ZHEHX8M31RP142);20,13%;20,94%;100,00%;0,00%;100,00% 
Donner & Reuschel AG (23ZYQ4KSBEDVYML8NC86);16,75%;7,00%;100,00%;0,00%;100,00% 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);12,26%;14,75%;100,00%;0,00%;100,00% 
Optiver V.O.F. (7245009KRYSAYB2QCC29);11,51%;19,74%;100,00%;0,00%;100,00% 
Class of Instrument; ;AD99 (other instruments);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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);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 
Citigroup Global Markets EU (6TJCK1B7E7UTXP528Y04);99,97%;94,77%;100,00%;0,00%;100,00% 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);0,03%;5,23%;100,00%;0,00%;100,00% 
Class of Instrument; ;AE99 (other instruments);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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);100,00%;100,00%;100,00%;0,00%;100,00% 
Class of Instrument; ;AE99 (other instruments);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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);100,00%;100,00%;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 
HSBC Trinkaus Dssd (JUNT405OW8OY5GN4DX16);11,61%;11,04%;100,00%;0,00%;100,00% 
Barclays Bank PLC Ireland (2G5BKIC2CB69PRJH1W31);11,00%;10,43%;100,00%;0,00%;100,00% 
Deutsche Bk Ffm (7LTWFZYICNSX8D621K86);9,31%;8,32%;100,00%;0,00%;100,00% 
BofA Securities Europe SA (549300FH0WJAPEHTIQ77);6,87%;6,64%;100,00%;0,00%;100,00% 
Commerzbank AG Ffm (851WYGNLUQLFZBSYGB56);6,53%;6,13%;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 
Citigroup Global Markets EU (6TJCK1B7E7UTXP528Y04);35,70%;34,43%;100,00%;0,00%;100,00% 
Nordea Bk Finland Hels (529900ODI3047E2LIV03);17,00%;16,85%;100,00%;0,00%;100,00% 
NATIXIS S A (KX1WK48MPD4Y2NCUIZ63);11,29%;11,23%;100,00%;0,00%;100,00% 
Bco Bilbao Viz Arg Madr (K8MS7FD7N5Z2WQ51AZ71);9,28%;8,70%;100,00%;0,00%;100,00% 
Deutsche Bk Ffm (7LTWFZYICNSX8D621K86);4,98%;4,89%;100,00%;0,00%;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 
Goldman Sachs Bk Europe SE (8IBZUGJ7JPLH368JE346);100,00%;100,00%;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 
Banco Santander S A (5493006QMFDDMYWIAM13);39,69%;38,02%;100,00%;0,00%;100,00% 
NORD LB Hann (DSNHHQ2B9X5N6OUJ1236);16,39%;15,68%;100,00%;0,00%;100,00% 
Citigroup Global Markets EU (6TJCK1B7E7UTXP528Y04);15,15%;14,03%;100,00%;0,00%;100,00% 
BNP Paribas Paris (R0MUWSFPU8MPRO8K5P83);6,94%;6,46%;100,00%;0,00%;100,00% 
DZ Bank AG (529900HNOAA1KXQJUQ27);6,06%;3,90%;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 
UBS Europe SE (5299007QVIQ7IO64NX37);8,30%;8,23%;100,00%;0,00%;100,00% 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);8,11%;7,91%;100,00%;0,00%;100,00% 
Jane Street Financial Ltd. (549300ZHEHX8M31RP142);7,23%;6,74%;100,00%;0,00%;100,00% 
BofA Securities Europe SA (549300FH0WJAPEHTIQ77);6,70%;6,65%;100,00%;0,00%;100,00% 
Credit Agricole Corp & Inv (1VUV7VQFKUOQSJ21A208);6,30%;6,11%;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;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 
Toronto Dominion Bk Ldn (PT3QB789TSUIDF371261);12,28%;12,34%;100,00%;0,00%;100,00% 
DZ Bank AG (529900HNOAA1KXQJUQ27);12,01%;11,69%;100,00%;0,00%;100,00% 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);10,74%;9,51%;100,00%;0,00%;100,00% 
Goldman Sachs Bk Europe SE (8IBZUGJ7JPLH368JE346);10,02%;8,75%;100,00%;0,00%;100,00% 
Commerzbank AG Ffm (851WYGNLUQLFZBSYGB56);7,75%;7,65%;100,00%;0,00%;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 
BofA Securities Europe SA (549300FH0WJAPEHTIQ77);100,00%;100,00%;100,00%;0,00%;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 
J P Morgan SE FFM (549300ZK53CNGEEI6A29);100,00%;100,00%;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;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 
Flow Traders B V (549300CLJI9XDH12XV51);51,31%;49,28%;100,00%;0,00%;100,00% 
Donner & Reuschel AG (23ZYQ4KSBEDVYML8NC86);28,08%;29,03%;100,00%;0,00%;100,00% 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);20,05%;19,99%;100,00%;0,00%;100,00% 
Jane Street Financial Ltd. (549300ZHEHX8M31RP142);0,56%;1,70%;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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);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 
Morgan Stanley Europe SE (54930056FHWP7GIWYY08);100,00%;100,00%;100,00%;0,00%;100,00%