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

Horizon Software provides direct connectivity to Singapore-based iSTOX trading platform

Horizon Software (Horizon), the world’s leading SaaS provider of electronic trading solutions and algorithmic technology... Read more »

DriveWealth Launches DriveHSA® to Support Health Savings Account (HSA) Industry

DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced the launch of a new Health... Read more »

BTON Financial partners with genesis to automate trading for asset managers

BTON Financial, the independent outsourced dealing desk for asset managers and genesis, the Low Code Application Platform for Capital Markets, are pleased to announce their... Read more »

TrueFX announces First Trades Completed on Platform

TrueFX, a purpose-built OTC market designed for the buy-side, has today announced it executed the first set of disclosed trades between counterparties on its network. The first... Read more »

New derivatives exchange to level the crypto playing-field

The rapidly expanding community of crypto derivatives traders stands to benefit from an industry-grade trading service with the launch of ZUBR, a new high-performance exchange... Read more »

DriveWealth Forges First Partnership in Middle East and North Africa Region with UAE-Based Wealthface

DriveWealth, LLC,  a U.S. based leader in global digital trading technology, announced today a new partnership with ... 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