Regulatory Technical Standard 28 sets out the requirement for investment firms to publish, on an annual basis, information on the identity of execution venues and on the quality of execution. To adhere to RTS 28, investment firms that execute client orders are required to summarise and publish the top five execution venues in terms of trading volumes where they executed client orders in the preceding year, as well as information on the quality of execution obtained.
The report is made up of two parts; a quantitative disclosure (provided in a machine readable format) and a qualitative disclosure.
Quantitative disclosure (Opens an Excel Document)
Qualitative disclosure (Opens in PDF Document)