Boerse Berlin has selected KTS Plc to develop and provide online access to real-time market data to be produced by Boerse Berlin Equiduct Trading at the launch of its new pan-European trading platform ETS.
The system will be accessible via the Boerse Berlin Equiduct Trading website from April 2008 enabling users to view the Equiduct Virtual Best Bid/Offer (VBBO). Pre and post trade data from its Hybrid and PartnerEx market segments will come online in mid 2008.
“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 for our participants. We have found a partner who will be responsive to our evolving needs and one with whom we can work together to enhance and build a truly beneficial source of data for our clients.” says Rob Brouwer, Chief Information Officer, Equiduct Systems.
“The financial markets are evolving rapidly to include many non-traditional execution venues. KTS supports the innovation of firms like Boerse Berlin Equiduct Trading by providing tailored solutions for the consolidation and display of market data along with a managed hosting service,” says Andrew Miller, CEO, KTS.
“We believe that the Equiduct VBBO will become the European benchmark price as part of each investment firm’s equity best execution policy. The full depth of the virtual book, from which the VBBO is derived, will be used to calculate volume weighted execution prices as part of the PartnerEx segment of the Brse Berlin Equiduct Trading market thus differentiating Equiduct VBBO from other consolidated data feeds,” adds Artur Fischer, joint CEO, Boerse Berlin.