March 1, 2019

MiFID II

Top Broker and Execution Venue Report &

Broker Selection Process

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Table of content

Topic Page

1 Disclaimer 3

2 Trading Venue 4

3 Broker Selection Process 5

4 Top 5 Brokers by Asset Class 6

4.1 Bonds 7

4.2 Commodities 8

4.3 Funds 9

4.4 Futures 10

4.5 Options 11

4.6 Shares 12

4.7 Structured Products 13

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Disclaimer

This document is issued by Falcon Private Bank Ltd., solely for information purposes and for the recipient’s sole use. The terms listed herein are only

indicative and may be amended at any time. Falcon Private Bank Ltd. does not make any representation as to the completeness or accuracy of this

document and assumes no liability for potential losses arising from the use hereof. The information provided herein was produced by Falcon Private

Bank Ltd. with the greatest of care and to the best of its knowledge and belief.

This document does in no way constitute an offer or invitation to enter into any type of financial transaction. This document may not be reproduced

either in whole or in part, without the written permission of Falcon Private Bank Ltd. All rights reserved.

This document is valid from from January 2019 until an updated version will be published.

Given that Falcon Private Bank Ltd. is not a firm directly subject to MiFID II provisions, this is a summary report on best execution efforts for the

benefit of its clients only. As a consequence, this report may not include some of the detailed required by RTS 28.

Disclaimer

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Trading Venues2018

• Falcon Private Bank Ltd. is a direct member of the SIX Swiss Exchange, Zurich.

• For all other trading venues, we rely on established third party brokers and banks.

• For fixed income, the Bank has several open lines with large banks (market makers) and independent brokers.

• For exchange traded derivatives (ETDs), the Bank has direct assess to the market through UBS execution services

Top Execution Venue Report

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We take great care in the selection of Brokers we work with. Preceding any formal on-boarding, we conduct a rigorous due diligence process. The key

information criteria that we require in order to conduct our evaluation are listed below.

We regularly review our brokerage partners and request information updates if required.

• Wolfsberg Questionnaire

• Extract of the commercial register

• SSI’s (Standard Settlement Instructions)

• Contact Details (Trading, Settlement, Banking Relations)

• Financial statements (last three years)

• Best execution policy

• LEI (Legal Entity ID)

• Confirmation that you are be MiFID II compliant

• Specification of reporting requirements from us (Trade reporting) if any

Broker Selection Process2018

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Top 5 Broker Annual Report2018

Top 5 Venues ranked in terms of volumeProportion of volume executed

as a percentage of total (CHF value)

Proportion of no. of orders executed

as percentage of total (trx count)

J.P. Morgan Securities PLC, London 24% 15%

UBS Limited, London 12% 13%

Zuercher Kantonalbank, Zurich 9% 13%

Bondpartners SA, Lausanne 9% 11%

Royal Bank of Canada Europe Ltd, London 8% 10%

Asset Class: Bonds

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Top 5 Broker Annual Report2018

Top 5 Venues ranked in terms of volumeProportion of volume executed

as a percentage of total

Proportion of no. of orders executed

as percentage of total

UBS AG, Zurich 100% 100%

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Asset Class: Commodities

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Top 5 Broker Annual Report2018

Top 5 Venues ranked in terms of volumeProportion of volume executed

as a percentage of total

Proportion of no. of orders executed

as percentage of total

Credit Suisse Sec (Europe) Ltd., London 50% 65%

UBS Switzerland AG, Zurich 37% 25%

Joh. Berenberg, Gossler & Co. KG, Hamburg 11% 8%

SIX Swiss Exchange, Zurich - Member Banks 1% 2%

Canaccord Genuity, London 1% 0.2%

Asset Class: Funds

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Top 5 Broker Annual Report2018

Top 5 Venues ranked in terms of volumeProportion of volume executed

as a percentage of total

Proportion of no. of orders executed

as percentage of total

UBS AG, Zurich 100% 100%

Asset Class: Futures

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Top 5 Broker Annual Report2018

Top 5 Venues ranked in terms of volumeProportion of volume executed

as a percentage of total

Proportion of no. of orders executed

as percentage of total

UBS AG, Zurich 90% 88%

SIX Swiss Exchange, Zurich 8% 9%

Leonteq Securities AG, Zurich 1% 1%

Credit Suisse (Switzerland) AG, Zurich 1% 1%

Credit Suisse Sec (Europe) Ltd., London 0.1% 1%

Asset Class: Options

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Top 5 Broker Annual Report2018

Top 5 Venues ranked in terms of volumeProportion of volume executed

as a percentage of total

Proportion of no. of orders executed

as percentage of total

Credit Suisse Sec (Europe) Ltd., London 48% 72%

Joh. Berenberg, Gossler & Co. KG, Hamburg 30% 24%

UOB Kay Hian (Hon Kong) Ltd., Hong Kong 16% 0.4%

Al Dar Shares & Bonds LLC, Abu Dhabi 4% 0.4%

SIX Swiss Exchange, Zurich - Member Banks 2% 3%

Asset Class: Shares

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Top 5 Broker Annual Report2018

Top 5 Venues ranked in terms of volumeProportion of volume executed

as a percentage of total

Proportion of no. of orders executed

as percentage of total

Leonteq Securities AG, Zurich 44% 24%

UBS Switzerland AG, Zurich 15% 6%

UBS AG, Zurich 8% 2%

SIX Swiss Exchange, Zurich 7% 15%

Royal Bank of Canada Europe Ltd., London 6% 1%

Asset Class: Structured Products