Iress develops feed handler for Equiduct’s VBBO to reach retail brokers

Rick Steves

The new feed-handler for VBBO was launched for end clients at the beginning of March 2023. Iress and Equiduct plan to co-promote the new solution to retail banks and retail brokerages across the UK and Continental Europe in the coming months.

Iress has developed a new feed handler for Equiduct’s VBBO (Volume-weighted Best Bid and Offer) market data feed.

The product launch addresses clients’ need for flexibility and alternative market data feeds.

The VBBO offers pre-trade transparency for best execution services and with the new feed-handler, now gives Equiduct’s end retail brokers the ability to trade across 15 European markets as well as Equiduct’s own central limit order book.

This provides clients in the banking and broking space with easy-to-manage and cost-effective solutions for their needs.

Feed handler allows Equiduct’s retail brokers to access 15 European markets

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 ETFs across 11 markets covering 16 European headline indices.

The new feed handler for Equiduct’s Volume-weighted Best Bid and Offer (VBBO) market data feed, will act as an alternative feed from traditional exchanges.

Soon available on Iress’s QuantFeed and ConsolidatedFeed market data solutions, the feed handle gives retail brokers the ability 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.

The solution can be built on existing system architecture, making for quick, seamless and cost-effective implementation. This latest collaboration builds on a successful existing relationship providing real-time pre and post-trade data to Equiduct’s clients via its HybridBook data feed, powered by Iress.

“This will allow us to expand our reach into retail banking and online brokerages”

Lionel Sancenot, commercial director, continental Europe at Iress, said: “We’re proud to expand our relationship with Equiduct, collaborating on its VBBO feed. This 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. We look forward to working with Equiduct to offer the very best services to retail brokers for years to come.”

Wail Azizi, Chief Strategy Officer at Equiduct, said: “Iress has been a fantastic partner to work with these past months. 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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