Top 5 execution venues 2023

The MiFID II regulation requires Easyvest :

• To list its top 5 execution venues for the period from January 1,2023 to December 31, 2023, in terms of trading volumes on which it executed clients’ orders, for each relevant type of financial instrument; and
• To qualitatively assess the performance of the parties with whom Easyvest cooperates for the execution of orders.

1. Top 5 execution venues for portfolio management

1.1 Regarding professional clients

As of December 31, 2023, Easyvest had no professional clients within the meaning of MiFID regulation.

1.2 Regarding retail clients

There were no other executing entities in 2023, apart from Leleux Associated Brokers.

2. Analysis on the order execution quality

2.1 Explanation of the relative importance the firm gave to the execution factors of price, costs, speed, likelihood of execution or any other consideration including qualitative factors when assessing the quality of execution

Easyvest does not charge any transaction fees to its portfolio management clients.

Easyvest only works with trackers that are traded on the Euronext regulated market, ensures that the trackers it selects have sufficient market makers to ensure market liquidity, and that they normally have a low spread. The criteria of speed and probability of execution are therefore decisive.

Easyvest requires its order executors to provide it with access to market depth information (bid/ask price/quantity) in real time, so that it can transmit buy and sell orders at the most opportune moment, either at a market price or a limit price.

2.2 Explanation of the relative importance the firm gave to the execution factors of price, costs, speed, likelihood of execution or any other consideration including qualitative factors when assessing the quality of execution

As an independent portfolio management company, Easyvest has no close links, conflicts of interest or shareholding relationships with any execution entity to which orders are sent.

2.3 Description of any specific arrangements with any execution venues regarding payments made or received, discounts, rebates or non-monetary benefits received

Easyvest has no specific agreements with any execution venues regarding payments made or received, discounts, rebates, or non-monetary compensation.

2.4 Explanation of the factors that led to a change in the list of execution venues listed in the firm’s execution policy, if such a change occurred

There have been no changes to the execution entities for financial instruments since Easyvest began operating as a portfolio management company.

2.5 Explanation of how order execution differs according to client categorization, where the firm treats categories of clients differently and where it may affect the order execution arrangements

Easyvest only has retail clients, and therefore no professional clients. There is therefore no differentiation in order processing in this respect

2.6. Explanation of whether other criteria were given precedence over immediate price and cost when executing retail client orders and how these other criteria were instrumental in delivering the best possible result in terms of the total consideration to the client

Only general criteria are applied to order execution.

2.7 Explanation of how the investment firm has used any data or tools relating to the quality of execution, including any data published under Commission Delegated Regulation EU 2017/575

Easyvest uses comparative data tools such as Bloomberg and execution reports from financial intermediaries to verify the quality of order execution.

This data is used ex-post to remedy any shortcomings in order execution quality.