The Markets in Financial Instruments Directive 2014/65/EU (“MiFID II”) and the Markets in Financial Instruments and Amending Regulation (“MiFIR”), were implemented on 3rd January 2018. They aim to provide a cross EU member legislative framework for the operation of financial markets.
MiFID II supersedes the previous Markets in Financial Instruments Directive 2004/39/EC (“MiFID I”).
Under MiFID II Britannia Global Markets has an obligation to take all sufficient steps to obtain the best possible result when transmitting, placing and executing orders on behalf of clients on a consistent basis. The Policy that sets out the steps that the firm takes to achieve Best Execution for its clients can be accessed below:
Pursuant to RTS 28 Article 3 of this framework, we are obligated to provide the data on the top 5 execution venues in terms of trading volumes for all executed client orders per class of financial instruments as specified within MiFID II. Please find this data below: