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Aleri will provide advanced tools to analyse and visualise Börse Berlin Equiduct Trading VBBO (Volume-weighted Best Bid and Offer) pan-European benchmark
Börse Berlin Equiduct Trading has announced that it has selected Aleri, a leading provider of enterprise-class complex event processing (CEP) technology, to provide the tools to analyse and visualise its new VBBO and PartnerEx market models. The VBBO market data is available today and Equiduct Trading will provide, from mid-2008, a pan-European regulated market offering cross-border trading services.
Working with Etrading Software, a specialist consultancy focused on providing strategic advice and software solutions to the financial community, Börse Berlin Equiduct Trading selected Aleri for this project as its CEP powered Market Liquidity Analysis (MLA) engine is an effective way to illustrate the potential split in equity liquidity across Europe and the benefits of Equiduct Trading's offering. VBBO is derived from the full depth of the book from all relevant execution venues in Europe and Börse Berlin Equiduct Trading believes that its VBBO provides the European benchmark price that is required as part of each investment firm's equity execution policy.
"Enabling our potential participants to quickly and easily see how they could cost-effectively meet their best execution obligations under MiFID is a high priority for our sales efforts. We needed to provide a visualisation tool requiring little or no explanation. Having a tool, such as Aleri's MLA engine, available is of significant help when explaining to potential clients how they can create opportunity from their obligations," commented Artur Fischer, Joint CEO of Börse Berlin Equiduct Trading. "We are excited to be working with a cutting edge company like Equiduct Trading," said Dale Stevens Aleri's Regional EMEA Sales Director. "Our CEP powered MLA engine will help Equiduct enhance their market depth analysis capabilities by providing their traders and brokers with the ability to consolidate order books across multiple exchanges in real-time to create a single virtual order book that represents the liquidity of the visible market." This solution will be demonstrated by Aleri on Stand 20 at TradeTech in Paris from 23rd to 24th April.
