Equiduct, the organisation created to provide MiFID related implementations on its Belgian regulated electronic platform, is preparing for the launch of a range of Best Execution services.
Clearnet Equiduct has appointed Willy Van Stappen as Chief Operating Officer, responsible for leading the introduction of a range of MiFID compliant, guaranteed Best Execution services.
“We are delighted that Willy will be strengthening our Equiduct management team,” says Bob Fuller, CEO of Equiduct. “He brings a vast experience of the European equities market particularly in the important clearing and settlements market, and is ideally placed to help Equiduct bring its innovative Best Execution services to market in the run-up to MiFID becoming law in November this year.”
Equiduct has also completed its first round of funding with the support of the Belgium based Bams Angels Fund and a group of London based industry professionals.
Simultaneously, Equiduct added Rob Kuijpers to its board of directors.
“Equiduct has created significant market interest and we are delighted to complete our first round of funding enabling us to expand our technology staff and prepare for the planned launch of our market data services in Q3 2007 and trading services in Q1 2008,” says Dr Jos Peeters, Chairman of Equiduct. “We expect to complete our second round of funding during the second quarter of 2007.”