Apex, the first commission-free, on-exchange trading service for retail orders in Europe, is backed by?Equiduct's?pool of liquidity providers and active brokers. The service guarantees Best Execution by automatically calculating the best possible price (the VBBO) for each order at the instant at which a trade occurs.
The Infront Professional Terminal is a fully integrated, multi-asset class, real-time market data and trading platform. Equiduct’s Apex is now included in the Infront Professional Terminal which provides information on more than 8 million instruments from 80 exchanges around the globe. Infront now offers both the Market-by-Limit and VBBO feeds. Market-by-Limit is a real-time market depth feed created from the consolidated pan-European order book while VBBO (Volume-weighted Best Bid and Offer) is a real-time data feed that provides the best executable price for up to four order sizes (RMS, SMS, the largest retail size on Equiduct and the largest institutional size on Equiduct).
Dave?Murphy, CEO of Equiduct said, “Since the launch of our revolutionary zero-fee retail Best Execution solution – Apex – in December 2019, we have seen a surge in demand from retail brokers in Italy and the Nordic region. Our capped market data fees for retail brokers distributing data to their clients enable us to provide a cost-effective one-stop-shop trading and data solution, and Infront are the perfect partner to provide access to the retail broker community. I am delighted that Infront now offer our clients in these locations easy access to Equiduct market data and look forward to an exciting 2020.
Morten Lindeman, CIO of Infront commented, “We are delighted to welcome Equiduct to our platform, building on the comprehensive market data available in the Infront Professional Terminal. Users get an excellent overview of global markets with our broad global data coverage. Equiduct’s Apex data is a positive addition to our quality market data offering.”
About Equiduct
Equiduct is a market segment of Börse Berlin, a regulated market operator under article 44 of MiFID II. Equiduct offers Best Execution services for retail investors and institutional clients thanks to its pan-European VBBO trading liquidity schemes. With more than 30 active participants, Equiduct offers cost-effective Best Execution services on European stocks from the UK, Italy, France, Netherlands, Belgium, Portugal, Spain, and Nordic markets.
Börse Berlin is regulated by the Competent Authority Senatsverwaltung für Wirtschaft, Energie und Betriebe – Börsenaufsichtsbehörde and participation in trading is governed by German and European law.
For more information on Equiduct and Apex, please visit our website at: equiduct.com
Media Contact Equiduct
Tiffany Souresrafil
Tiffany.Souresrafil@equiduct.com
Phone: + 44 (0)20 3595 1518