Equiduct Launches First Commission-free, on-exchange Trading Service for Retail Brokers in Europe

Equiduct Launches First Commission-free, on-exchange Trading Service for Retail Brokers in Europe
28.11.2019 08:08 am

Equiduct Launches First Commission-free, on-exchange Trading Service for Retail Brokers in Europe

Trading Systems , Retail Banking

The service, named Apex, was developed to ensure that private investors can benefit from guaranteed best execution on a European regulated market.  

Apex will be available for the most liquid and fragmented equities and ETFs across the major European markets and guarantees a multilateral and MiFID II compliant trading environment. The new service is backed by Equiduct's pool of liquidity providers and active brokers.  

New members joining Equiduct will automatically be admitted to Apex and existing members will require no additional setup or agreements. Retail orders submitted to Equiduct will trade against a pool of liquidity providers as well as other brokers present in the order book (fully multilateral execution). 

Apex does not rely on the “best efforts” of liquidity providers to offer best execution for retail orders; Equiduct guarantees best execution by automatically calculating the best possible price (the VBBO) for each order at the instant at which a trade occurs. Apex is fully  pre and post-trade transparent, and participating brokers will receive daily execution quality reports which provide evidence of best execution for each trade. 

Dave Murphy, CEO of Equiduct, said: "Since 2009 Equiduct has been focused on solving the complex issues created by market fragmentation in Europe for retail brokers. Today we make the transformative step of offering a complete, on-exchange guaranteed best execution solution with zero fees for brokers. The launch of Apex sets us on the path to become the Europe's largest pan-European retail exchange." 

In order to ensure that private investors can benefit from the only service to offer guaranteed on-exchange best execution, fees for retail orders sent to Apex are set to zero.  

Related News

Reuters Events Discuss the Resilience of the Energy Market Through Volatility

Reuters Events will be hosting a free online webinar series focused on commodity trading and commodity value chains.

The energy industry has never seen a year like it.... Read more »

Newfound launches virtual fintech trade mission to stimulate economic growth in UK and Australia

Global expansion specialists Newfound today announced the first ever virtual fintech trade mission between the UK and... Read more »

IPC’s Connexus Cloud ecosystem continues expansion with linkage to London Metal Exchange

IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets community, announced today its... Read more »

Cloud9 Chooses OpenFin to Empower “Virtual Trading Desks”

Cloud9 Technologies ("Cloud9"), a leader in cloud-based communications, has partnered with OpenFin, the operating system (OS) of finance, to streamline the deployment of Cloud9... Read more »

QuantHouse to provide TSL machine learning capabilities as part of the QuantFactory cloud backtesting suite

QuantHouse, the global provider of end-to-end systematic trading solutions including... Read more »

AxeTrading and Mosaic Smart Data Collaborate to Unlock Bond Market Insights

AxeTrading, the fixed income trading software provider, and Mosaic Smart Data, the real-time capital markets data analytics company, today announced the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel