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A systematic internaliser is defined, pursuant to Article 4, paragraph 1, letter 20, of Directive 2014/65/EU (MiFID), as an investment firm that, on an organized, frequent, systematic and substantial basis, executes customer orders on their own account outside a Regulated Market (RM), Multicultural trading Facility (MTF) or Organized Trading Facilities (OTF).

FinecoBank, as indicated in its Execution Policy, acts as a Systematic Internaliser on a selection of equity financial instruments, listed index funds (ETF) as well as derivative financial instruments both equity or equity like and non-equity. In relation to the latter, it should be noted that the Bank assumes to provide quotes exclusively on the financial instruments listed below.

The MIC (Market Identifier Code) through which FinecoBank carries the activity as a Systematic Internaliser is "FBSI" and the LEI (Legal Entity Identifier) code is "549300L7YCATGO57ZE10".

FinecoBank, as Systematic Internaliser, complies with the pre-negotiation transparency obligations set forth in articles 14 and 18 of Regulation 600/2014 (MiFIR) by publishing its market data on this page, without applying fees or limitations. *

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(*) The Bank reserves the right to reverse the transactions concluded on the basis of bid / offer prices which differ, due to technical anomalies, from those of the reference market at the time of execution of the order.
Details on executed orders