Difference between revisions of "Equiduct Systems Ltd."
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{{Infobox_Company <!-- Feel free to remove comments like this when you add real info --> | {{Infobox_Company <!-- Feel free to remove comments like this when you add real info --> | ||
| company_name = Equiduct Systems Ltd. | | company_name = Equiduct Systems Ltd. | ||
Revision as of 16:19, 29 September 2011
| Equiduct Systems Ltd. | |
| Headquarters | London |
|---|---|
| Key People | Peter Randall |
Equiduct Systems Ltd. is an electronic trading platform majority owned by Citadel Securities, and operated under the regulatory structure of the Berlin Stock Exchange (also known as Börse Berlin AG).[1]
The technology competes with other Multilateral Trading Facilities in Europe such as Chi-X, Turquoise, BATS Europe and Nasdaq OMX Europe.[2] which have emerged after the introduction of Markets in Financial Instruments Directive which began in November 2007.
Equiduct aims to provide a fast and cost-effective trading platform for European equities. Its technology is designed to provide order execution at the best price.
History[edit]
In July 2009, Citadel Securities, a division of Citadel Investment Group, made a "significant" investment in Equiduct.[3][4] As a result, the Berlin Stock Exchange saw its 53 percent stake in the pan-European electronic trading platform diluted to just over 10 percent.[5]
The move provided further funding for the technology firm, which aims to be a major European trading platform.[6]
Berlin Stock Exchange took a majority stake in EASDAQ NV, which operated under the name Equiduct, in September 2007. The goal for the deal was to offer the exchange's customers a wide range of European financial products.[7]
Products and Services[edit]
OrangeVBBO: the true best price, mathematically derived pan-European benchmark. A consolidated real time data feed.[8]
PartnerEx: tailored business-to-business relationships to provide guaranteed best execution.
PartnerEx Internaliser: MiFID obligations outsourced to a regulated market operator.
HybridBook: an ultra-low latency platform.
Clearing and Settlement: combines participants existing market arrangements with the opportunity to tailor settlement to suit.
Key People[edit]
Peter Randall CEO
Rob Brouwer, chief information officer
Willy Van Stappen, chief operating officer
References[edit]
- ↑ Peter Randall named as new Equiduct CEO. Automated Trader.
- ↑ Citadel takes over 50 pct stake in Equiduct. Reuters.
- ↑ Citadel set to take control of Equiduct. Financial Times.
- ↑ Equiduct partners with Citadel Securities. Automated Trading.
- ↑ Citadel takes over 50 pct stake in Equiduct. Reuters.
- ↑ Equiduct enters into strategic partnership with Citadel Securities. Equiduct.
- ↑ Börse Berlin acquires majority stake in EASDAQ NV (trading name “Equiduct”). Equiduct.
- ↑ Market Model. Equiduct.