{"text_format":"3","workbook":"xlsx","n_sheets":8,"sheets":["Summary ESMA table","Prof EQ-Shares Band 1 2 Brokers","Prof EQ-Shares Band 3 4 Brokers","Prof EQ-Shares Band 5 6 Brokers","Professional ETFs Brokers","Professional Warrants Brokers","Professional EQ-Swaps","Professional EQ-Opt & Fut Brok"],"not_rendered":{"images":1,"defined_names":3},"read":"whole","date_system":"1900"}

{"sheet":"Summary ESMA table","index":0,"n_rows":20,"n_cols":9,"rows_kept":20,"merged":[[11,0,12,0],[11,4,12,4],[11,5,12,5],[11,6,12,6],[11,7,12,7]]}
[]
[{"$nulls":4},"MIFID II RTS28 Disclosures"]
[{"$nulls":4},"April 2021 - Data covering calendar year 2020"]
{"$rows_empty":8}
[{"$nulls":4},"Class-of-Instrument","SubClass-of-Instrument","Retail/ Professional","Broker-affiliates/ MS-Venue"]
[{"$nulls":8},"MSIP"]
[{"$nulls":4},"Equities - Shares & Depository Receipts","Liquidity Bands 1 & 2","Professional","Broker-Affiliates","Y"]
[{"$nulls":4},"Equities - Shares & Depository Receipts","Liquidity Bands 3 & 4","Professional","Broker-Affiliates","Y"]
[{"$nulls":4},"Equities - Shares & Depository Receipts","Liquidity Bands 5 & 6","Professional","Broker-Affiliates","Y"]
[{"$nulls":4},"Exchange Traded Products","Exchange traded funds, exchange traded notes and exchange traded commodities","Professional","Broker-Affiliates","Y"]
[{"$nulls":4},"Equity Derivatives","Swaps, Forwards, and other Equity derivatives","Professional","Broker-Affiliates","Y"]
[{"$nulls":4},"Securitized Derivatives","Warrants and Certificate Derivatives","Professional","Broker-Affiliates","Y"]
[{"$nulls":4},"Equity Derivatives","Futures and Options admitted to trading on a trading venue","Professional","Broker-Affiliates","Y"]

{"sheet":"Prof EQ-Shares Band 1 2 Brokers","index":1,"n_rows":86,"n_cols":7,"rows_kept":86,"merged":[[85,0,85,8]]}
[]
[]
[]
[null,"Class of Instrument","Equities - Shares & Depository Receipts - Liquidity Bands 1 & 2"]
[null,"MS Entity: Morgan Stanley France SA"]
[null,"There was more than one trade per business day on average during 2020"]
[]
[null,"Top 5 execution Brokers/Affiliates ranked in terms of trading volumes","% Volume traded","% Number of trades ","% Passive Orders*","% Aggressive Orders*","% Directed Orders"]
[null,"Morgan Stanley & Co. LLC, 9R7GPTSO7KV3UQJZQ078",{"v":0.662956575000451,"d":"66.3%"},{"v":0.682809183870345,"d":"68.3%"},{"v":0.10370161062447,"d":"10.4%"},{"v":0.794292172930206,"d":"79.4%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley Europe SE, 54930056FHWP7GIWYY08",{"v":0.188035833189548,"d":"18.8%"},{"v":0.207794713486398,"d":"20.8%"},{"v":0.302692664809656,"d":"30.3%"},{"v":0.52924791086351,"d":"52.9%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley & Co International PLC, 4PQUHN3JPFGFNF3BB653",{"v":0.117946577185355,"d":"11.8%"},{"v":0.097433918579973,"d":"9.7%"},{"v":0.435643564356436,"d":"43.6%"},{"v":0.497029702970297,"d":"49.7%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley S.V., S.A.U., 549300GSKN0B8BOS5L68 ",{"v":0.0166608975609182,"d":"1.7%"},{"v":0.00289407678950415,"d":"0.3%"},{"v":0.2,"d":"20.0%"},{"v":0.733333333333333,"d":"73.3%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley Hong Kong Securities Ltd, 549300SY0QG9QQ09KW20",{"v":0.0134304245033471,"d":"1.3%"},{"v":0.00231526143160332,"d":"0.2%"},{"v":0,"d":"0.0%"},{"v":0,"d":"0.0%"},{"v":0,"d":"0.0%"}]
{"$rows_empty":69}
["* the sum of % Passive orders and % Aggressive orders may not be equal to 100% because orders within auctions"]
["   (or where this data was not otherwise available) have not been classified as passive or aggressive"]
[]
["Copyright ©2020 Morgan Stanley. All rights reserved. The information contained herein is proprietary to Morgan Stanley. These materials have been prepared solely for informational purposes, based upon information generally believed to be reliable. Morgan Stanley has taken reasonable steps in the production of these materials to ensure that the contents are complete and accurate. Morgan Stanley makes no representation or warranty is given with respect to its accuracy or completeness. Morgan Stanley disclaims any liability for any reliance placed on these materials, the availability of these materials or the accuracy or completeness of the data contained therein, by any person for any purpose whatsoever.These materials do not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or participate in any particular trading strategy and no representation or warranty is given with respect to any future offer or sale. This information is not to be construed to be investment, legal or tax advice or an investment recommendation. You should confer with your legal, tax and investment advisers before acting in any way upon the information herein."]

{"sheet":"Prof EQ-Shares Band 3 4 Brokers","index":2,"n_rows":86,"n_cols":7,"rows_kept":86,"merged":[[85,0,85,8]]}
[]
[]
[]
[null,"Class of Instrument","Equities - Shares & Depository Receipts - Liquidity Bands 3 & 4"]
[null,"MS Entity: Morgan Stanley France SA"]
[null,"There was more than one trade per business day on average during 2020"]
[]
[null,"Top 5 execution Brokers/Affiliates ranked in terms of trading volumes","% Volume traded","% Number of trades ","% Passive Orders*","% Aggressive Orders*","% Directed Orders"]
[null,"Morgan Stanley Europe SE, 54930056FHWP7GIWYY08",{"v":0.399306588502122,"d":"39.9%"},{"v":0.361100088519886,"d":"36.1%"},{"v":0.59563257255565,"d":"59.6%"},{"v":0.284981684981685,"d":"28.5%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley & Co International PLC, 4PQUHN3JPFGFNF3BB653",{"v":0.295024529924414,"d":"29.5%"},{"v":0.345370002950663,"d":"34.5%"},{"v":0.53208225312279,"d":"53.2%"},{"v":0.425642234268206,"d":"42.6%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley & Co. LLC, 9R7GPTSO7KV3UQJZQ078",{"v":0.184034530740893,"d":"18.4%"},{"v":0.121791154116175,"d":"12.2%"},{"v":0.141604010025063,"d":"14.2%"},{"v":0.723809523809524,"d":"72.4%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley Hong Kong Securities Ltd, 549300SY0QG9QQ09KW20",{"v":0.0467255648024757,"d":"4.7%"},{"v":0.0763916445366951,"d":"7.6%"},{"v":0,"d":"0.0%"},{"v":0,"d":"0.0%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley S.V., S.A.U., 549300GSKN0B8BOS5L68 ",{"v":0.0344238758621621,"d":"3.4%"},{"v":0.0426421659900491,"d":"4.3%"},{"v":0.656883798616082,"d":"65.7%"},{"v":0.294440467668814,"d":"29.4%"},{"v":0,"d":"0.0%"}]
{"$rows_empty":69}
["* the sum of % Passive orders and % Aggressive orders may not be equal to 100% because orders within auctions"]
["   (or where this data was not otherwise available) have not been classified as passive or aggressive"]
[]
["Copyright ©2020 Morgan Stanley. All rights reserved. The information contained herein is proprietary to Morgan Stanley. These materials have been prepared solely for informational purposes, based upon information generally believed to be reliable. Morgan Stanley has taken reasonable steps in the production of these materials to ensure that the contents are complete and accurate. Morgan Stanley makes no representation or warranty is given with respect to its accuracy or completeness. Morgan Stanley disclaims any liability for any reliance placed on these materials, the availability of these materials or the accuracy or completeness of the data contained therein, by any person for any purpose whatsoever.These materials do not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or participate in any particular trading strategy and no representation or warranty is given with respect to any future offer or sale. This information is not to be construed to be investment, legal or tax advice or an investment recommendation. You should confer with your legal, tax and investment advisers before acting in any way upon the information herein."]

{"sheet":"Prof EQ-Shares Band 5 6 Brokers","index":3,"n_rows":86,"n_cols":7,"rows_kept":86,"merged":[[85,0,85,8]]}
[]
[]
[]
[null,"Class of Instrument","Equities - Shares & Depository Receipts - Liquidity Bands 5 & 6"]
[null,"MS Entity: Morgan Stanley France SA"]
[null,"There was more than one trade per business day on average during 2020"]
[]
[null,"Top 5 execution Brokers/Affiliates ranked in terms of trading volumes","% Volume traded","% Number of trades ","% Passive Orders*","% Aggressive Orders*","% Directed Orders"]
[null,"Morgan Stanley Europe SE, 54930056FHWP7GIWYY08",{"v":0.359669152999908,"d":"36.0%"},{"v":0.228588756743963,"d":"22.9%"},{"v":0.680636526752361,"d":"68.1%"},{"v":0.171362179015796,"d":"17.1%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley & Co. LLC, 9R7GPTSO7KV3UQJZQ078",{"v":0.358497617928988,"d":"35.8%"},{"v":0.338530824552061,"d":"33.9%"},{"v":0.119555416082402,"d":"12.0%"},{"v":0.69010212877521,"d":"69.0%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley & Co International PLC, 4PQUHN3JPFGFNF3BB653",{"v":0.199076624181724,"d":"19.9%"},{"v":0.259648641525064,"d":"26.0%"},{"v":0.599061538620897,"d":"59.9%"},{"v":0.310873100547954,"d":"31.1%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley Hong Kong Securities Ltd, 549300SY0QG9QQ09KW20",{"v":0.0411729591930102,"d":"4.1%"},{"v":0.104775506032586,"d":"10.5%"},{"v":0,"d":"0.0%"},{"v":0,"d":"0.0%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley S.V., S.A.U., 549300GSKN0B8BOS5L68 ",{"v":0.0223511230442676,"d":"2.2%"},{"v":0.0181017928318998,"d":"1.8%"},{"v":0.649134536810044,"d":"64.9%"},{"v":0.282891315652626,"d":"28.3%"},{"v":0,"d":"0.0%"}]
{"$rows_empty":69}
["* the sum of % Passive orders and % Aggressive orders may not be equal to 100% because orders within auctions"]
["   (or where this data was not otherwise available) have not been classified as passive or aggressive"]
[]
["Copyright ©2020 Morgan Stanley. All rights reserved. The information contained herein is proprietary to Morgan Stanley. These materials have been prepared solely for informational purposes, based upon information generally believed to be reliable. Morgan Stanley has taken reasonable steps in the production of these materials to ensure that the contents are complete and accurate. Morgan Stanley makes no representation or warranty is given with respect to its accuracy or completeness. Morgan Stanley disclaims any liability for any reliance placed on these materials, the availability of these materials or the accuracy or completeness of the data contained therein, by any person for any purpose whatsoever.These materials do not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or participate in any particular trading strategy and no representation or warranty is given with respect to any future offer or sale. This information is not to be construed to be investment, legal or tax advice or an investment recommendation. You should confer with your legal, tax and investment advisers before acting in any way upon the information herein."]

{"sheet":"Professional ETFs Brokers","index":4,"n_rows":86,"n_cols":7,"rows_kept":86,"merged":[[3,2,3,6],[85,0,85,8]]}
[]
[]
[]
[null,"Class of Instrument","Exchange Traded Products - Exchange traded funds, exchange traded notes and exchange traded commodities"]
[null,"MS Entity: Morgan Stanley France SA"]
[null,"There was more than one trade per business day on average during 2020"]
[]
[null,"Top 5 execution Brokers/Affiliates ranked in terms of trading volumes","% Volume traded","% Number of trades ","% Passive Orders*","% Aggressive Orders*","% Directed Orders"]
[null,"Morgan Stanley Europe SE, 54930056FHWP7GIWYY08",{"v":0.917152911142811,"d":"91.7%"},{"v":0.429256594724221,"d":"42.9%"},{"v":0.229050279329609,"d":"22.9%"},{"v":0.435754189944134,"d":"43.6%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley & Co International PLC, 4PQUHN3JPFGFNF3BB653",{"v":0.0828470888571896,"d":"8.3%"},{"v":0.570743405275779,"d":"57.1%"},{"v":0.390756302521008,"d":"39.1%"},{"v":0.5,"d":"50.0%"},{"v":0,"d":"0.0%"}]
{"$rows_empty":72}
["* the sum of % Passive orders and % Aggressive orders may not be equal to 100% because orders within auctions"]
["   (or where this data was not otherwise available) have not been classified as passive or aggressive"]
[]
["Copyright ©2020 Morgan Stanley. All rights reserved. The information contained herein is proprietary to Morgan Stanley. These materials have been prepared solely for informational purposes, based upon information generally believed to be reliable. Morgan Stanley has taken reasonable steps in the production of these materials to ensure that the contents are complete and accurate. Morgan Stanley makes no representation or warranty is given with respect to its accuracy or completeness. Morgan Stanley disclaims any liability for any reliance placed on these materials, the availability of these materials or the accuracy or completeness of the data contained therein, by any person for any purpose whatsoever.These materials do not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or participate in any particular trading strategy and no representation or warranty is given with respect to any future offer or sale. This information is not to be construed to be investment, legal or tax advice or an investment recommendation. You should confer with your legal, tax and investment advisers before acting in any way upon the information herein."]

{"sheet":"Professional Warrants Brokers","index":5,"n_rows":83,"n_cols":7,"rows_kept":83,"merged":[[3,2,3,6],[82,0,82,8]]}
[]
[]
[]
[null,"Class of Instrument ","Securitized Derivatives - Warrants and Certificate Derivatives"]
[null,"MS Entity: Morgan Stanley France SA"]
[null,"There was less than one trade per business day on average during 2020"]
[]
[null,"Top 5 execution Brokers/Affiliates ranked in terms of trading volumes","% Volume traded","% Number of trades ","% Passive Orders*","% Aggressive Orders*","% Directed Orders1"]
[null,"MORGAN STANLEY AND CO. INTERNATIONAL PLC, MSIP",{"v":1,"d":"100.0%"},{"v":1,"d":"100.0%"},{"v":0,"d":"0.0%"},{"v":1,"d":"100.0%"},{"v":0,"d":"0.0%"}]
{"$rows_empty":69}
["* the sum of % Passive orders and % Aggressive orders may not be equal to 100% because orders within auctions"]
["   (or where this data was not otherwise available) have not been classified as passive or aggressive"]
["1Note that certain contracts are only executable on a single venue or market"]
[]
["Copyright ©2020 Morgan Stanley. All rights reserved. The information contained herein is proprietary to Morgan Stanley. These materials have been prepared solely for informational purposes, based upon information generally believed to be reliable. Morgan Stanley has taken reasonable steps in the production of these materials to ensure that the contents are complete and accurate. Morgan Stanley makes no representation or warranty is given with respect to its accuracy or completeness. Morgan Stanley disclaims any liability for any reliance placed on these materials, the availability of these materials or the accuracy or completeness of the data contained therein, by any person for any purpose whatsoever.These materials do not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or participate in any particular trading strategy and no representation or warranty is given with respect to any future offer or sale. This information is not to be construed to be investment, legal or tax advice or an investment recommendation. You should confer with your legal, tax and investment advisers before acting in any way upon the information herein."]

{"sheet":"Professional EQ-Swaps","index":6,"n_rows":82,"n_cols":12,"rows_kept":82,"merged":[[80,0,80,8],[81,0,81,8]]}
[]
[]
[]
[null,"Class of Instrument","Equities Derivatives - Swaps, forwards and other Equity derivatives"]
[null,"MS Entity: Morgan Stanley France SA"]
[null,"There was more than one trade per business day on average during 2020",{"$nulls":9},"non via brokers/affiliates"]
[]
[null,"Top 5 execution Brokers/Affiliates ranked in terms of trading volumes","% Volume traded","% Number of trades ","% Passive Orders*","% Aggressive Orders*","% Directed Orders1"]
[null,"MORGAN STANLEY AND CO. INTERNATIONAL PLC, MSIP",{"v":1,"d":"100.0%"},{"v":1,"d":"100.0%"},"NA","NA","NA"]
[]
[null,null,{"$f":"VLOOKUP(B11,#REF!,2,FALSE)","v":{"$error":"#REF!"}}]
[null,null,{"$f":"VLOOKUP(B12,#REF!,2,FALSE)","v":{"$error":"#REF!"}}]
[null,null,{"$f":"VLOOKUP(B13,#REF!,2,FALSE)","v":{"$error":"#REF!"}}]
{"$rows_empty":65}
["* the sum of % Passive orders and % Aggressive orders may not be equal to 100% because orders within auctions"]
["   (or where this data was not otherwise available) have not been classified as passive or aggressive"]
["1Note that certain contracts are only executable on a single venue or market\n2http://www.morganstanley.com/content/dam/msdotcom/en/assets/pdfs/sales_and_trading_disclosures/EMEA_Order_Execution_Policy_Disclosures_Statement.pdf\n"]
["Copyright ©2020 Morgan Stanley. All rights reserved. The information contained herein is proprietary to Morgan Stanley. These materials have been prepared solely for informational purposes, based upon information generally believed to be reliable. Morgan Stanley has taken reasonable steps in the production of these materials to ensure that the contents are complete and accurate. Morgan Stanley makes no representation or warranty is given with respect to its accuracy or completeness. Morgan Stanley disclaims any liability for any reliance placed on these materials, the availability of these materials or the accuracy or completeness of the data contained therein, by any person for any purpose whatsoever.These materials do not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or participate in any particular trading strategy and no representation or warranty is given with respect to any future offer or sale. This information is not to be construed to be investment, legal or tax advice or an investment recommendation. You should confer with your legal, tax and investment advisers before acting in any way upon the information herein."]

{"sheet":"Professional EQ-Opt & Fut Brok","index":7,"n_rows":83,"n_cols":7,"rows_kept":83,"merged":[[82,0,82,8]]}
[]
[]
[]
[null,"Class of Instrument","Equities - Futures and Options admitted to trading on a trading venue"]
[null,"MS Entity: Morgan Stanley France SA"]
[null,"There was less than one trade per business day on average during 2020"]
[]
[null,"Top 5 execution Brokers/Affiliates ranked in terms of trading volumes","% Volume traded","% Number of trades ","% Passive Orders*","% Aggressive Orders*","% Directed Orders"]
[null,"Morgan Stanley Europe SE, 54930056FHWP7GIWYY08",{"v":0.793482123152074,"d":"79.3%"},{"v":0.396739130434783,"d":"39.7%"},{"v":0,"d":"0.0%"},{"v":0,"d":"0.0%"},{"v":0,"d":"0.0%"}]
[null,"Morgan Stanley & Co International PLC, 4PQUHN3JPFGFNF3BB653",{"v":0.206517876847926,"d":"20.65%"},{"v":0.603260869565217,"d":"60.33%"},{"v":0.468468468468469,"d":"46.85%"},{"v":0.144144144144144,"d":"14.41%"},{"v":0,"d":"0.00%"}]
{"$rows_empty":69}
["* the sum of % Passive orders and % Aggressive orders may not be equal to 100% because orders within auctions"]
["   (or where this data was not otherwise available) have not been classified as passive or aggressive"]
[]
["Copyright ©2020 Morgan Stanley. All rights reserved. The information contained herein is proprietary to Morgan Stanley. These materials have been prepared solely for informational purposes, based upon information generally believed to be reliable. Morgan Stanley has taken reasonable steps in the production of these materials to ensure that the contents are complete and accurate. Morgan Stanley makes no representation or warranty is given with respect to its accuracy or completeness. Morgan Stanley disclaims any liability for any reliance placed on these materials, the availability of these materials or the accuracy or completeness of the data contained therein, by any person for any purpose whatsoever.These materials do not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or participate in any particular trading strategy and no representation or warranty is given with respect to any future offer or sale. This information is not to be construed to be investment, legal or tax advice or an investment recommendation. You should confer with your legal, tax and investment advisers before acting in any way upon the information herein."]