Annual Report: information on the identity of execution venues and on the quality of trades executed.
Union Investment Bank Ltd (ZBUK) executed bond trades for both retail and professional clients during 2018, as outlined in the table below. Bonds are traded OTC (over the counter) and ZBUK trades as principal for these transactions; executing as the counterparty of our retail and professional clients. This means there is no execution venue other than ZBUK itself.
ZBUK maintains an arms-length order policy to ensure that best execution is maintained at all times; taking into account price, costs, speed, execution likelihood, size and the nature of the order.
In achieving best execution for our customers trading in bonds, price is usually the most important factor. Therefore, to achieve best executions ZBUK matches or improves upon the best executable price available on the market at the time an order
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To view our Execution Policy please use the following link: