Börse Berlin Equiduct Systems has selected Fixnetix, a market data provider, to develop the market data feed for its Equiduct Trading platform.

From mid-2008, Equiduct Trading will provide a pan-European regulated market, which offers cross-border trading services and market data distribution.

Börse Berlin says that using Fixnetix will ensure minimal pan-European latency to support the creation of Equiduct Trading’s volume-weighted best bid and offer (VBBO) real-time feed for liquid instruments. This is devirved from all the relevant execution venues in Europe. Based on Fixnetix data, Börse Berlin Euiduct Trading believes its VBBO provides the European benchmark price that required as part of each investment firm’s execution policy.

The exchange adds that it needs the fastest and most reliable market data feeds to ensure clients can take advantage of Börse Berin Equiduct Trading’s best execution features. “Enabling our customers to quickly and cost-effectively meet the requirements under MiFID, we need to ensure that we provide the most reliable VBBO prices”, said Artur Fischer, joint CEO or Börse Berlin Equiduct Trading, in a statement.

“Our comprehensive testing confirmed that Fixnetix feeds deliver the fastest and most comprehensive Level II data for all our target markets and are robust enough not to drop or delay any data during volatile or fast market conditions”, added Rob Brouwer, CIO of Börse Berlin Equiduct Group.

© 2008 The Trade News