EQUIDUCT announced today that it secured an investment of €3.25 million following a funding round that included Optiver, Virtu, Börse Berlin, Dr. Jos Peeters and other parties.
The investment will enable EQUIDUCT, which currently trades over €40 billion per year, to increase its market share while expanding its product offering and instrument coverage to the benefit of more European investors.
As a pan-European platform offering solutions to both retail and institutional brokers since 2009, EQUIDUCT has demonstrated its value as an innovator by offering investors better execution at lower costs.
"We are excited about the support we’ve received,” said Dave Murphy, CEO of EQUIDUCT. "In an increasingly competitive space, we remain focused on providing investors with a cost-effective, one-stop-shop solution to the challenge of providing best execution on a pan-European level. By using Europe’s first tradable consolidated tape, we have also been able to reduce the cost of market data, an area that has seen fee increases across Europe since the introduction of MiFID II.”
According to Kjelle Blom, Chief Operating Officer of Optiver Europe, “The partnership is a natural fit as both Optiver and EQUIDUCT are dedicated to improving the market. EQUIDUCT’s pan-European smart order book results in better prices, while Optiver is committed to consistently providing the market with liquidity, which benefits end-investors.”
Catherine Nini, CEO of Bourse Direct, said: “EQUIDUCT’s innovative market model guarantees best execution for every order which is essential for our end clients. We are excited to see the platform positioned well to grow and expand their product offering to further enhance the execution quality for retail clients throughout Europe.”
Artur Fischer, Chairman of EQUIDUCT and co-CEO of Börse Berlin added: “Since launching in 2009, Equiduct has been focused on providing a platform which gives access to best execution services on a transparent regulated market. While we have witnessed the increase in bilateral trading through systematic internalisers since the introduction of MiFID II, we, our partners, and our members remain convinced that investors’ interests are best served when trading occurs on an independently operated regulated market.”