Wail Azizi

“Joining Equiduct emphasises Danske Bank’s vision of creating an investment platform for all clients,” said Marjo Grandell, head of Eequities at Danske Bank. 

“With the addition of Equiduct, we can provide even more liquidity for our retail clients in our already large investment universe of tradeable instruments via our digital channels such as Internet bank and mobile app.”

Danske Bank’s retail clients now have access to Equiduct’s real-time market date, as well as additional liquidity for stocks and ETFs from 12 European markets.

More than seven million retail end-investors are already using the execution and market-data services offered by Equiduct. In 2024, the exchange has welcomed three major Nordic brokers so far, with a total of five including Danske Bank. 

Apex is a pan-European best execution service on the lit Börse Berlin, offering brokers access to all the major European lit trading venues through a single connection, including: Amsterdam, Brussels, Frankfurt, Lisbon, London, Madrid, Milan, and Paris.

The offering’s main features are limit order protection, Apex Retry (best execution for resting orders) and opening and closing cross.

In recent times, the Nordic market has had limited retail-focused trading solutions as well as high market data costs.

Speaking to this, Wail Azizi, Chief Strategy Officer at Equiduct said: “We’re happy to extend a warm welcome to Danske Bank to our exchange. Partnering with Danske Bank, a leading Nordic bank in the forefront of retail innovation aligns perfectly with our mission to foster positive change in pan-European retail trading and market data.” 

The post Nordic trade broker joins Equiduct appeared first on The TRADE.

Pan-European equities exchange Equiduct has broadened its sights to the US, launching the trading of US equities in Apex, an on-exchange best execution service with zero trading fees for retail investors. The launch offers over five million retail investors access to 21 highly traded US stocks, priced in euros, and is supported by liquidity providers Optiver and Virtu Financial.

“US stocks constitute the bulk of any European retail investor’s portfolio – more than 60% at any given time. That makes accessing the US market the single most important project for European retail brokers.”

“US stocks constitute the bulk of any European retail investor’s portfolio – more than 60% at any given time. That makes accessing the US market, with an optimised cost and setup, the single most important project for European retail brokers,” Wail Azizi, chief strategy officer at Equiduct, told The TRADE.

“Now, there are two ways retail brokers offer trading in US stocks: In USD or in EUR. Today’s launch bring zero-fee best execution on 21 names in EUR, clear and settled in Europe, to more than 30 brokers connected to Equiduct.” 

In 2o23 the firm also plans to provide US dollar trading with clearing and settlement in US. It tallies with its European expansion plans – on top of the US stocks, it’s also launching in the Nordic markets (Sweden, Finland, Denmark and Norway) in two months time.  

“We’ve just opened an office in Stockholm which should serve as a regional hub for Equiduct and we are super excited about bringing commission-free best execution to Nordic retail investors and expand the existing model we offer today to more than five million retail investors across Europe,” Azizi revealed to The TRADE.  

Last year, Equiduct also launched equity ETFs, and plans to announce next month the expansion of more than 350 ETPs including some exciting thematics and new asset classes, according to Azizi. 

The post Equiduct expands into US retail market with Apex appeared first on The TRADE.

Originally launched in 2017, big xyt’s Liquidity Cockpit offers a consolidated view of trading activity in the market, providing insights into liquidity, changing market structure, and other customised benchmarks.

“The quality and breadth of the Liquidity Cockpit data analytics platform, along with the industry expertise and support it provides, has meant that we are using independent data to better understand the pan-European market landscape in which we operate,” said Matt Stupple, chief technology officer at Equiduct.

“These insights enable us to demonstrate our competitive edge in a more pragmatic way, giving direct proof points to our clients and helping us attract more business to our trading venue.”

Several exchanges have selected the Liquidity Cockpit in the last few years, one of the most recent being pan-European subscription-based exchange Aquis, which implemented it in April last year.

“We’re pleased to add Equiduct onto our growing list of international exchange clients, which is continued evidence of the market’s need for innovative data analytics solutions to deliver tangible benefits for the industry,” said Richard Hills, head of client engagement at big xyt.

“Banks, asset managers, exchanges and market participants across the globe consistently rely on big xyt as an independent reference for equity market structure, illustrating our ability to deliver a strong and transparent platform to our clients.”

The post Equiduct latest exchange to implement big xyt Liquidity Cockpit appeared first on The TRADE.