Equiduct’s VBBO available on Thomson Reuters
Published on June 12, 2008.
European trading platform Börse Berlin Equiduct Trading’s Volume-weighted Best Bid and Offer (VBBO) pricing benchmark is now available to users of data vendor Thomson Reuters’ equities data feeds. VBBO will be available through the vendor’s real-time market data deliveries.
According to Börse Berlin, the VBBO provides access to pan-European best prices for a wide range of equity securities. The firm describes the benchmark as the mathematically-calculated best price in Europe, which corresponds to the price that investors would receive with ideal partial executions in all key reference markets that trade a particular security.
The VBBO is based on the visible prices at two or more external reference markets. All securities covered by the VBBO must correspond to the Equiduct liquidity criteria, which are updated regularly. The VBBO prices can be retrieved using the exchange suffix .EDv.
“I see the distribution via Thomson Reuters as an important step in establishing VBBO as a key benchmark for future market participants,” said Rob Brouwer, chief information officer of Börse Berlin Equiduct Trading, in a statement. “The VBBO also provides pre-trade transparency for our soon-to-be-launched PartnerEx segment, which will allow participants not only to view the VBBO but also trade at this best price.”
