Haitong International (UK) Limited: RTS 28 Article 3.3,
,
Required Information,Explanation 
"(a) an explanation of the relative importance the firm gave to the execution factors of price, costs, speed, likelihood of execution or any other consideration including qualitative factors when assessing the quality of execution;","Haitong International (UK) Limited (“Haitong International UK”) takes into account a set of factors when it executes or transmits client orders including: a) Price; b) Costs of transaction; c) Speed of execution; d) Likelihood of execution e) Speed and likelihood of settlement; f) Size and time of the order; g) Nature of the order; and h) any other considerations deemed relevant for the execution of the order. Generally, Haitong International will regard price as the most significant factor in the execution of a client’s order. However, there may be circumstances where other Execution Factors should be prioritised over price. The following matters will be taken into account in determining the relative weight of the aforementioned factors: a) Client's characteristics, including its regulatory categorisation; b) Characteristics of the client’s order, including the size of the order and its nature; c) Characteristics of the financial instruments underlying the order; and d) Characteristics of the execution venues to which the order is transmitted for execution."
"(b) a description of any close links, conflicts of interests, and common ownerships with respect to any execution venues used to execute orders;","Haitong International UK and its affiliates provide services to our clients in the course of carrying on regulated financial activities or providing regulated services and, in doing so, situations may be encountered that give rise to actual or potential conflicts of interest. Haitong International UK uses brokers, including its affiliate Haitong Bank, S.A., to access equities markets. Haitong International UK is required to take all appropriate steps to identify and to prevent conflicts of interest between: a) Haitong International (including its managers and employees) or any person directly or indirectly linked to Haitong International, and a client; or b) one client and another client."
"(c) a description of any specific arrangements with any execution venues regarding payments made or received, discounts, rebates or non-monetary benefits received;","Haitong International UK does not have any specific arrangements with any execution venues in relation to payments (made or received), discounts, rebates or non-monetary benefits received."
"(d) an explanation of the factors that led to a change in the list of execution venues listed in the firm’s execution policy, if such a change occurred;",The brokers we use are subject to regular review.
"(e) an explanation of how order execution differs according to client categorisation, where the firm treats categories of clients differently and where it may affect the order execution arrangements;","Haitong International takes into account the market knowledge and experience of its clients, their trading profile and the nature of the services required by them, as well as the specific and generic instructions given to Haitong International UK which enable it to execute its client orders. Eligible counterparties do not benefit from the obligation to execute on the most favourable terms to clients. However, provided Haitong International agrees, it may undertake this obligation contractually."
(f) an explanation of whether other criteria were given precedence over immediate price and cost when executing retail client orders and how these other criteria were instrumental in delivering the best possible  result in terms of the total consideration to the client;,Not applicable as Haitong International UK does not have retail clients.
"(g) an explanation of how the investment firm has used any data or tools relating to the quality of execution, including any data published under Commission Delegated Regulation (EU) …/…to be inserted before publication [RTS 27];",The effectiveness and implementation of our Order Execution Policy is monitored in order to identify and correct any deficiencies. Governance is in place to review the business on an on-going basis to ensure that that our regulatory obligations are complied with. The Order Execution Policy is made available on Haitong International UK’s website.
"(h) where applicable, an explanation of how the investment firm has used output of a consolidated tape provider established under Article 65 of Directive 2014/65/EU.",Haitong International UK has developed algorithm platform and an analytics suite which utilises aggregated exchange data provided by a third-party vendor.