Börse Berlin selects KTS to develop Equiduct Trading market data portal

Börse Berlin selects KTS to develop Equiduct Trading market data portal

Börse Berlin has recruited London-based Knowledge Technology Solutions to develop and host a Web portal that will provide access to prices from the MiFID-compliant pan-European platform, Equiduct Trading.

Börse Berlin says the KTS system will provide access to the Equiduct Trading VBBO - virtual best bid/offer - as soon as the trading platform launches.

The KTS portal will be accessible via the Equiduct Trading Web site from April 2008. Pre and post trade data from Equiduct's Hybrid and PartnerEx market segments will be available online in mid 2008.

Commenting on the Equiduct Trading deal, Andrew Miller, CEO of KTS, says the vendor supports firms like Börse Berlin "by providing tailored solutions for the consolidation and display of market data along with a managed hosting service".

Miller says the exchange will use both its browser-delivered display technology and low-latency middleware from Arcontech, which KTS acquired last year.

Rob Brouwer, chief information officer, Equiduct Trading Systems, say: "We have chosen an established market data vendor for this project to avoid 'reinventing the wheel' and to enable us to concentrate on providing the best quality exchange services."

Börse Berlin - formerly known as the Berlin Stock Exchange - acquired an undisclosed majority stake in Equiduct in September 2007.

The Equiduct Trading platform, which is based on an upgraded version of the Easdaq exchange technology platform, has been designed to provide users with a MiFID-compliant, integrated Europe-wide single connection for trading services and execution.

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