Difference between revisions of "Equiduct Systems Ltd."

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| company_name = Equiduct Systems Ltd.
| company_name = Equiduct Systems Ltd.
| company_logo =  <!-- use the syntax: [[Image:imgname.jpg]] for this, or leave it blank -->
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| key_people =    Peter Randall
| key_people =    [[Peter Randall]]
| foundation =    <!-- Year founded -->
| foundation =    2009
| location =      London
| location =      London
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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).<ref>{{cite web|url=http://www.automatedtrader.net/headlines/27324/peter-randall-named-as-new-equiduct-ceo|name=Peter Randall named as new Equiduct CEO|org=Automated Trader|date=December 18, 2009}}</ref>
Equiduct Systems Ltd. is an electronic trading platform that was formerly majority owned by [[Citadel Securities]]. It is operated under the regulatory structure of the [[Berlin Stock Exchange]] (also known as Börse Berlin AG).<ref>{{cite web|url=http://www.automatedtrader.net/headlines/27324/peter-randall-named-as-new-equiduct-ceo|name=Peter Randall named as new Equiduct CEO|org=Automated Trader|date=December 18, 2009}}</ref> [[Knight Capital Group]] is minority owner of the platform. It is considered “Pre-trade transparent and MiFID compliant” by ESMA and was launched in 2009 following the introduction of MiFID, which led to the fragmentation of liquidity across multiple trading venues.
The technology competes with other [[Multilateral Trading Facilities]] in Europe such as [[Chi-X]], [[Turquoise]], [[BATS Europe]] and [[Nasdaq OMX Europe]].<ref>{{cite web|url=http://uk.biz.yahoo.com/21072009/323/update-1-citadel-takes-50-pct-stake-equiduct.html|name=Citadel takes over 50 pct stake in Equiduct|org=Reuters|date=October 7, 2009}}</ref> which have emerged after the introduction of [[Markets in Financial Instruments Directive]] which began in November 2007.


The technology competes with other [[Multilateral Trading Facilities]] in Europe 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. It's technology is designed to provide order execution at the best prices.
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 ==


<!-- Put a quick one to two paragraph intro here about the company and what it does -->
In July 2009, [[Citadel Securities]], a division of [[Citadel Investment Group]], made a "significant" investment in Equiduct.<ref> {{cite web|url = http://www.ft.com/cms/s/0/e9b22a24-758d-11de-9ed5-00144feabdc0.html|name = Citadel set to take control of Equiduct|org = Financial Times|date = July 22, 2009}}</ref><ref>{{cite web|url=http://www.automatedtrader.net/news/automated-trading-news/13434/equiduct-partners-with-citadel-securities|name=Equiduct partners with Citadel Securities|org=Automated Trading|date=October 7, 2009}}</ref> 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.<ref>{{cite web|url=http://uk.biz.yahoo.com/21072009/323/update-1-citadel-takes-50-pct-stake-equiduct.html|name=Citadel takes over 50 pct stake in Equiduct|org=Reuters|date=October 7, 2009}}</ref>  


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In January 2013, Citadel decided to cease market-making operations on the venue.<ref>http://thetradenews.com/news/People/Randalls_legacy_lives_on_despite_Equiduct_departure.aspx|name=Randall's legacy lives on despite Equiduct departure|org=The Trade News|date=June 25, 2014}}</ref>
    if needed. They are there to get you started, and to remind you to USE section headers!
    And yes, take this comment out too when you write your article.


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The move provided further funding for the technology firm, which aims to be a major European trading platform.<ref>{{cite web|url=http://www.equiduct-trading.com/latest-press-releases/21-07-09--equiduct-enters-into-strategic-partnership-with-citadel-securities.asp|name=Equiduct enters into strategic partnership with Citadel Securities|org=Equiduct|date=December 18, 2009}}</ref>
    <ref>{{cite web|url=|name=|org=|date=}}</ref>
    url=web url; name=title of page/article; org=Name of organization who owns page; date=today's date-->
 
== History ==
{{Infobox Midpage Need Sponsor}}
 
In July 2009, [[Citadel Securities]], a division of [[Citadel Investment Group]], made a "significant" investment in Equiduct. The move provided further funding for the technology firm, which aims to be a major European trading platform.<ref>{{cite web|url=http://www.equiduct-trading.com/latest-press-releases/21-07-09--equiduct-enters-into-strategic-partnership-with-citadel-securities.asp|name=Equiduct enters into strategic partnership with Citadel Securities|org=Equiduct|date=December 18, 2009}}</ref>


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.<ref>{{cite web|url=http://www.equiduct-trading.com/press-releases/25-09-07--b%C3%B6rse-berlin-acquires-majority-stake-in-easdaq-nv.asp|name=Börse Berlin acquires majority stake in EASDAQ NV (trading name “Equiduct”)|org=Equiduct|date=December 18, 2009}}</ref>  
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.<ref>{{cite web|url=http://www.equiduct-trading.com/press-releases/25-09-07--b%C3%B6rse-berlin-acquires-majority-stake-in-easdaq-nv.asp|name=Börse Berlin acquires majority stake in EASDAQ NV (trading name “Equiduct”)|org=Equiduct|date=December 18, 2009}}</ref>  
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== Products and Services ==
== Products and Services ==


OrangeVBBO: the true best price, mathematically derived pan-European benchmark. A consolidated real time data feed.<ref>{{cite web|url=http://www.equiduct-trading.com/trading-venue/market-model.asp|name=Market Model|org=Equiduct|date=December 18, 2009}}</ref>
*PartnerEx, a retail best execution service designed to address the challenges faced by brokers of providing best execution in a fragmented market. It is the only pan-European, on-exchange, order by order Best Execution facility.
 
*SpotVBBO, an institutional best execution service
PartnerEx: tailored business-to-business relationships to provide guaranteed best execution.
*HybridBook, a "vanilla" central limit order book
 
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 ==
== Key People ==
 
*[[Artur Fischer]], joint CEO of [[Börse Berlin]] and a member of the board for Easdaq, Equiduct's holding company.
[[Peter Randall]] CEO
[[Rob Brouwer]], chief information officer
[[Willy Van Stappen]], chief operating officer


== References ==
== References ==
<references />
<references />
 
[[Category:Electronic Trading]]
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Latest revision as of 16:02, 18 March 2015


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Equiduct Systems Ltd.
Founded 2009
Headquarters London
Key People Peter Randall

Equiduct Systems Ltd. is an electronic trading platform that was formerly majority owned by Citadel Securities. It is operated under the regulatory structure of the Berlin Stock Exchange (also known as Börse Berlin AG).[1] Knight Capital Group is minority owner of the platform. It is considered “Pre-trade transparent and MiFID compliant” by ESMA and was launched in 2009 following the introduction of MiFID, which led to the fragmentation of liquidity across multiple trading venues.

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]

In January 2013, Citadel decided to cease market-making operations on the venue.[6]

The move provided further funding for the technology firm, which aims to be a major European trading platform.[7]

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.[8]


Products and Services[edit]

  • PartnerEx, a retail best execution service designed to address the challenges faced by brokers of providing best execution in a fragmented market. It is the only pan-European, on-exchange, order by order Best Execution facility.
  • SpotVBBO, an institutional best execution service
  • HybridBook, a "vanilla" central limit order book

Key People[edit]

References[edit]

  1. ↑ Peter Randall named as new Equiduct CEO. Automated Trader.
  2. ↑ Citadel takes over 50 pct stake in Equiduct. Reuters.
  3. ↑ Citadel set to take control of Equiduct. Financial Times.
  4. ↑ Equiduct partners with Citadel Securities. Automated Trading.
  5. ↑ Citadel takes over 50 pct stake in Equiduct. Reuters.
  6. ↑ http://thetradenews.com/news/People/Randalls_legacy_lives_on_despite_Equiduct_departure.aspx%7Cname=Randall's legacy lives on despite Equiduct departure|org=The Trade News|date=June 25, 2014}}
  7. ↑ Equiduct enters into strategic partnership with Citadel Securities. Equiduct.
  8. ↑ Börse Berlin acquires majority stake in EASDAQ NV (trading name “Equiduct”). Equiduct.
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