Markets in Financial Instruments Directive (MiFID) disclosures
In accordance with the European Union's Markets in Financial Instruments Directive (MiFID), we are committed to maintaining transparency and ensuring the best possible outcomes for our clients. This page provides access to key regulatory disclosures, including our Order Execution Policy, which outlines how we achieve best execution; and our RTS 28 Reports, detailing the top five execution venues used for client orders.
Deutsche Bank executes transactions in securities and other financial instruments on the basis of our principles for the execution of orders in financial instruments. The Order Execution Policy determines the execution channels and potential execution venues. The objective is to consistently achieve the best possible results for our clients and for the relevant types of financial instruments. Therefore, we take into account the price, costs, speed, likelihood of execution and settlement, size, nature, or any other consideration relevant to order execution
To increase transparency related to executing client orders on trading venues, Deutsche Bank will summarise and make public on an annual basis the top five execution venues in terms of trading volumes. This is done on the basis of executed client orders in the preceding year and information on the quality of the execution obtained.
2024 MiFID disclosures
MiFID II Order Execution Policy 2024 (EMEA)
- Policy document [PDF]
MiFID II RTS-28 Top 5 Venue Report 2024 (DB Luxembourg)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2024 (DB Suisse)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
2023 MiFID disclosures
MiFID II Order Execution Policy 2023 (EMEA)
- Policy document [PDF]
MiFID II RTS-28 Top 5 Venue Report 2023 (DB Luxembourg)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2023 (DB Suisse)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Best Execution and Execution Quality Report 2023 (DBWM U.S.)
Data for retail clients [CSV]
Accompanying text [PDF]
2022 MiFID disclosures
MiFID II Order Execution Policy 2022 (EMEA)
- Policy document [PDF]
MiFID II RTS-28 Top 5 Venue Report 2022 (DB Suisse)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2022 (DB Luxembourg)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Best Execution and Execution Quality Report 2022 (DBWM U.S.)
- Data for retail clients [CSV]
- Accompanying text [PDF]
2021 MiFID disclosures
MiFID II Order Execution Policy 2021 (EMEA)
Please note revisions to use of DB affiliates as of Sep 2021 in section 2.3.
- Policy document [PDF]
MiFID II RTS-28 Top 5 Venue Report 2021 (DB Luxembourg)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2021 (DB Suisse)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2021 (DBUK Bank Limited)
Please note: Amendments have been made to legislation to remove RTS 28 reporting obligations. Therefore, since December 1, 2021, DB UK Bank Limited is no longer required to produce RTS-28 reports in relation to the services of reception and transmission of orders or portfolio management. For any queries, please contact your Relationship Manager.
MiFID II RTS-28 Best Execution and Execution Quality Report 2021 (DBWM U.S.)
2020 MiFID disclosures
MiFID II Order Execution Policy 2020 (EMEA)
- Policy document [PDF]
MiFID II RTS-28 Top 5 Venue Report 2020 (DB Luxembourg)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2020 (DB Suisse)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2020 (DBUK Bank Limited)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Best Execution and Execution Quality Report 2020 (DBWM U.S.)
- Data for retail clients [CSV]
- Accompanying text [PDF]
2019 MiFID disclosures
MiFID II Order Execution Policy 2019 (EMEA)
- Policy document [PDF]
Deutsche Bank Wealth Management U.S. Order Execution Policy 2019 (German Domiciled Clients)
- Policy document [PDF]
Deutsche Bank Wealth Management U.S. Order Execution Policy 2019 (Accommodation Trades – German Domiciled Clients)
- Policy document [PDF]
MiFID II RTS-28 Top 5 Venue Report (DB Luxembourg)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2019 (DB Suisse)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2019 (DBUK Bank Limited)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Best Execution and Execution Quality Report 2019 (DBWM U.S.)
- Data for retail clients [CSV]
- Accompanying text [PDF]
2018 MiFID disclosures
MiFID II Order Execution Policy 2018 (EMEA)
- Policy document [PDF]
MiFID II RTS-28 Top 5 Venue Report 2018 (DB Luxembourg)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2018 (DB Suisse)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2018 (DBUK Bank Limited)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
2017 MiFID disclosures
MiFID II RTS-28 Top 5 Venue Report 2017 (DB Luxembourg)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2017 (DB Suisse)
- Data for retail clients [CSV]
- Data for professional clients [CSV]
- Accompanying text [PDF]
MiFID II RTS-28 Top 5 Venue Report 2017 (DBUK Bank Limited)
- Data for retail clients [CSV]
- Accompanying text [PDF]