Iress has developed a new feed handler for Equiduct’s VBBO (volume-weighted best bid and offer) market data feed.
The VBBO offers pre-trade transparency for best execution services and with the new feed-handler, Equiduct’s end retail brokers will have the ability to trade across 15 European markets as well as Equiduct’s own central limit order book.
Equiduct, a market segment of Börse Berlin, is a client-driven pan-European exchange enabling retail brokers and institutional clients to achieve best execution in the most liquid and fragmented stocks and exchange traded funds (ETFs) across 11 markets covering 16 European headline indices.
The new feed handle, which will act as an alternative feed from traditional exchange, will be available on Iress’s QuantFeed and ConsolidatedFeed market data solutions,.
It will allow retail brokers to display data and trade across 15 European markets, with the VBBO market data feed providing pre-trade, real-time transparency for best execution services.
Participants will be able to adopt the new feed-handler without significant integration work, as the solution can be built on existing system architecture.
This latest partnership builds on the existing relationship between the two firms which provided real-time pre and post-trade data to Equiduct’s clients via its HybridBook data feed, powered by Iress.
Lionel Sancenot, commercial director, continental Europe at Iress, said collaborating on its VBBO feed “will allow us to expand our reach into retail banking and online brokerages, which are key markets where Iress can bring significant benefits, such as seamless access to different market data feeds.”
Wail Azizi, chief strategy officer at Equiduct, added, “This strategic partnership will allow both Iress and Equiduct to service the growing demand for Equiduct’s feeds.
We’ve seen tremendous appetite from banks and brokers for consolidated feeds such as the VBBO which provide clients with easy-to-manage and cost-effective solutions for their needs.”
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