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Börse Berlin announced today that it has selected KTS Plc, a leading provider of real-time market data solutions, to develop and provide ongoing hosting for the Web Portal giving online access to real-time market data to be produced by Börse Berlin Equiduct Trading at the launch of its new pan-European trading platform ETS. The system will be accessible via the Börse Berlin Equiduct Trading website from April 2008 enabling users to view the Equiduct VBBO (Virtual Best Bid/Offer). 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.
Andrew Miller, CEO of KTS, comments: "The financial markets are evolving rapidly to include many non-traditional execution venues. KTS supports the innovation of firms like Börse Berlin Equiduct Trading by providing tailored solutions for the consolidation and display of market data along with a managed hosting service.”
“Börse Berlin Equiduct Trading will be an important venue resulting from the regulatory changes introduced by MiFID. Our selection is evidence of our strong positioning and ability to address these and other large scale opportunities. As the first commercial project to use both Arcontech’s low-latency middleware and KTS’s proven flexible, browser delivered display technology, it represents an endorsement of our strategy to combine these two businesses. We are delighted to be part of this venture.” adds Miller.
Artur Fischer, Joint Chief Executive Officer, Börse Berlin adds “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 Börse Berlin Equiduct Trading market thus differentiating Equiduct VBBO from other consolidated data feeds.”
