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)

MiFID II RTS-28 Top 5 Venue Report 2024 (DB Luxembourg)

MiFID II RTS-28 Top 5 Venue Report 2024 (DB Suisse)

 

2023 MiFID disclosures

 

MiFID II Order Execution Policy 2023 (EMEA)

MiFID II RTS-28 Top 5 Venue Report 2023 (DB Luxembourg)

MiFID II RTS-28 Top 5 Venue Report 2023 (DB Suisse)

MiFID II RTS-28 Best Execution and Execution Quality Report 2023 (DBWM U.S.)

 

2022 MiFID disclosures

 

MiFID II Order Execution Policy 2022 (EMEA)

MiFID II RTS-28 Top 5 Venue Report 2022 (DB Suisse)

MiFID II RTS-28 Top 5 Venue Report 2022 (DB Luxembourg)

MiFID II RTS-28 Best Execution and Execution Quality Report 2022 (DBWM U.S.)

 

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.

MiFID II RTS-28 Top 5 Venue Report 2021 (DB Luxembourg)

MiFID II RTS-28 Top 5 Venue Report 2021  (DB Suisse)

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)

MiFID II RTS-28 Top 5 Venue Report 2020 (DB Luxembourg)

MiFID II RTS-28 Top 5 Venue Report 2020 (DB Suisse)

MiFID II RTS-28 Top 5 Venue Report 2020 (DBUK Bank Limited)

MiFID II RTS-28 Best Execution and Execution Quality Report 2020 (DBWM U.S.) 

 

2019 MiFID disclosures

 

MiFID II Order Execution Policy 2019 (EMEA)

Deutsche Bank Wealth Management U.S. Order Execution Policy 2019 (German Domiciled Clients)

Deutsche Bank Wealth Management U.S. Order Execution Policy 2019 (Accommodation Trades – German Domiciled Clients)

MiFID II RTS-28 Top 5 Venue Report (DB Luxembourg)

MiFID II RTS-28 Top 5 Venue Report 2019 (DB Suisse)

MiFID II RTS-28 Top 5 Venue Report 2019 (DBUK Bank Limited)

MiFID II RTS-28 Best Execution and Execution Quality Report 2019 (DBWM U.S.) 

 

2018 MiFID disclosures

 

MiFID II Order Execution Policy 2018 (EMEA)

MiFID II RTS-28 Top 5 Venue Report 2018 (DB Luxembourg)

MiFID II RTS-28 Top 5 Venue Report 2018 (DB Suisse)

MiFID II RTS-28 Top 5 Venue Report 2018 (DBUK Bank Limited)

 

2017 MiFID disclosures

 

MiFID II RTS-28 Top 5 Venue Report 2017 (DB Luxembourg)

MiFID II RTS-28 Top 5 Venue Report 2017 (DB Suisse)

MiFID II RTS-28 Top 5 Venue Report 2017 (DBUK Bank Limited)

 

 

 

Sustainable Finance Disclosure Regulation

In Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not the case in the U.S.

The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk.

No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Performance refers to a nominal value based on price gains/losses and does not take into account inflation. Inflation will have a negative impact on the purchasing power of this nominal monetary value. Depending on the current level of inflation, this may lead to a real loss in value, even if the nominal performance of the investment is positive.

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Change of name: As part of Deutsche Bank’s Private Bank, the former International Private Bank also adopted this title on July 20, 2023.