Systematic internalisation by Bank Vontobel Europe AG

Bank Vontobel Europe AG ("Vontobel") opted in to act as a Systematic Internaliser for specific non-equity instruments from 3rd January 2018 on:

Vontobel is a Systematic Internaliser for all securitized derivatives issued by Vontobel Financial Products GmbH, Frankfurt/Main, which are traded on a trading venue within the European Economic Area;
the relevant instruments can be found on: markets.vontobel.com
Market Identifier Code (MIC) of Vontobel as a Systematic Internaliser: VONT;
Vontobel will continuously stream and publish quotes for the relevant instruments during general trading hours on the Website;
general trading hours: 08:00 CET - 22:00 CET. Specific participation / tracker certificates may be traded from 08:00 CET - 20:00 CET only;
Vontobel trades on a request for quote basis only. Therefore, each quote is in general limited to execution to one client only. Vontobel may respond to later requests of different clients with a different quote if execution at the same quote would contravene our internal risk management procedures;
Vontobel may update its quotes at any time and withdraw its quotes under exceptional market conditions and/or technical issues;
where Vontobel deals in sizes above the standard market size specific to such instruments, Vontobel will not be subject to pre-trade transparency requirements;
Vontobel may execute transactions above standard market size or that are subject to conditions other than the current market price at prices different from its published quotes

Execution Quality Report

Please find in the following Vontobel’s response to Delegated Regulation (EU) 2017/575 (RTS 27 reports). Our Execution Quality Reports include information about the quality of execution of transactions based on a range of factors, e.g. price, cost, and likelihood of execution. Note that data according to Delegated Regulation (EU) 2017/575 was not available in the year 2017.

Identification information to be published as referred to in Article 3(1)-type of execution venue

Identification information to be published as referred to in Article 3(2)-type of financial instrument

Price information to be published as referred to in Article 4 point (a)

Price information to be published as referred to in Article 4 point (b)

Costs information to be published as referred to in Article 5

Likelihood of execution information to be published as referred to in Article 6

Likelihood of execution information to be published as referred to in Article 7(1)

Information to be published as referred to in Article 7(2) and 7(3)

Information to be published as referred to in Article 8

Information required under Article 5(a) to (d)		–
Link to a website or other source where further information on costs is available		–
Total value of all rebates, discounts, or other payments offered (as % of total traded value during the reporting period)		0%
Total value of all costs (as a % of total traded value during the reporting period volume)		0%

1) execution fees;		0%
2) fees for the submission, modification or cancellation of orders or quotes withdrawals;		0%
3) fees related to market data access and use of terminals		0%
4) any clearing and settlement fees and any other fees paid to third parties		0%