Order execution

When GPP execute orders on behalf of a client, Directive 2014/65/EU on Markets in Financial Instruments (MiFID II) requires GPP to summarise and make public on an annual basis, for each class of financial instruments, the top five execution venues (in terms of trading volumes) and top five execution brokers, for the preceding year and the information on the quality of execution obtained.

Our Order Execution Policy can be found here

Top 5 execution venues for 2018, broken down by each class of financial instrument:

a. Equities – Shares and Depositary Receipts
b. Debt Instruments
c. Interest Rate Derivatives
d. Credit Derivatives (Not applicable)
e. Currency Derivatives
f. Structured Finance Instruments (Not applicable)
g. Equity Derivatives
h. Securitised Derivatives
i. Commodities Derivatives
j. Contract for Difference (Not applicable)
k. Exchange Traded Products
l. Emission Allowances (Not applicable)
m. Other Instruments

Top 5 execution brokers for 2018, broken down by each class of financial instrument:

a. Equities – Shares and Depositary Receipts
b. Debt Instruments
c. Interest Rate Derivatives
d. Credit Derivatives (Not applicable)
e. Currency Derivatives
f. Structured Finance Instruments (Not applicable)
g. Equity Derivatives
h. Securitised Derivatives
i. Commodities Derivatives
j. Contract for Difference (Not applicable)
k. Exchange Traded Products
l. Emission Allowances (Not applicable)
m. Other Instruments

Our overall execution summary can be found here


Top 5 execution venues for 2017, broken down by each class of financial instrument:

a. Equities – Shares and Depositary Receipts
b. Debt Instruments
c. Interest Rate Derivatives (Not applicable)
d. Credit Derivatives (Not applicable)
e. Currency Derivatives (Not applicable)
f. Structured Finance Instruments (Not applicable)
g. Equity Derivatives
h. Securitised Derivatives (Not applicable)
i. Commodities Derivatives (Not applicable)
j. Contract for Difference (Not applicable)
k. Exchange Traded Products
l. Emission Allowances (Not applicable)
m. Other Instruments

Top 5 execution brokers for 2017, broken down by each class of financial instrument:

a. Equities – Shares and Depositary Receipts
b. Debt Instruments
c. Interest Rate Derivatives (Not applicable)
d. Credit Derivatives (Not applicable)
e. Currency Derivatives (Not applicable)
f. Structured Finance Instruments (Not applicable)
g. Equity Derivatives
h. Securitised Derivatives (Not applicable)
i. Commodities Derivatives (Not applicable)
j. Contract for Difference (Not applicable)
k. Exchange Traded Products
l. Emission Allowances (Not applicable)
m. Other Instruments

Our overall execution summary can be found here