Navigation and Service


MiFID II Best Execution Reporting Services Quality of Execution and Top 5 Venue Reporting Services

The best execution reporting services of Deutsche Börse Group's Regulatory Reporting Hub provide you with a comprehensive solution to meet regulatory obligations in accordance with MiFID II:

  • Systematic Internalisers (SIs), Liquidity Providers, and Market Makers are required to demonstrate to clients their ability to consistently obtain the best possible result for executing orders
  • MiFID-Investment firms are required to report the top five execution venues on which they execute client orders

Benefits: Quality of Execution Reporting Service

  • Full coverage of corresponding MiFID II requirements  
  • Data assembly by market segment and instrument on all transactions in financial instruments for which you act as SI, Market Maker or Liquidity Provider
  • Seamless sourcing of relevant information from data submitted for the OTC trade reporting and SI quote publication services
  • Efficient integration of cost information via CSV files upload (Table V)
  • Automatic detection of SI trades. Market Makers and Liquidity Providers can set a flag when transmitting trades and quotes, in order to have data reflected in their reporting

Benefits: Top 5 Venue Reporting Service

  • Fulfilment of regulatory obligations with minimal effort
  • Data compilation from your data already submitted to Deutsche Börse Group’s transaction reporting service
  • Data preparation in percentages of total volumes and number of executed orders to prevent market-sensitive disclosures

Our service: Best Execution Reporting

  • Support on both regulatory obligations through two distinct services
  • Standardised and pre-defined quarterly quality of execution reports, and/or annual top five execution venues reports, in XML format to meet requirements
  • Customised GUI dashboard for your daily monitoring and analysis
  • Aggregated end-of-day and end-of-month reports in XML-format for download via sFTP

For more details, please refer to the product sheet.

Related products and services

MiFID II OTC trade reporting

MiFIR Transaction Reporting