On 31st October, Bloomberg will introduce coverage of Equiduct's European Volume-weighted Best Bid and Offer (VBBO), the first Pan European consolidated view of equity prices in the post MiFID trading environment.
Users of the data will be able to see the only accurate consolidated, volume-weighted best bid and offer for liquid stocks traded in France, Germany, Benelux and the UK across all markets including both incumbent exchanges and new MTFs such as Turquoise, Chi-X and Nasdaq OMX. Users will also benefit from the superior performance of the Bloomberg system.
Artur Fischer, Co-CEO Börse Berlin Equiduct Trading comments: "With the entry of new MTFs into the European execution venue space the market is becoming increasingly fragmented. Market participants will have increasing difficulty keeping up with the volume of market data available and the costs of accessing, interpreting and storing it. By using our VBBO market participants will can see a European Consolidated Tape and maintain a real-time market overview."
The launch of the VBBO on the Bloomberg platform is the latest step of a set of products being launched by Equiduct which also includes PartnerEx, a tailored B-to-B Product to provide guaranteed Best Ex and an ultra low cost, low latency Hybrid trading platform.