Pan-European trading venue Equiduct has achieved €1.35 billion in total volume traded for November 2010, almost double the platform's previous tally of €0.69 billion in October 2010.
Average daily volume traded on Equiduct for November 2010 was €61.8 million, following a record daily volume of €86.2 million on 10 November 2010.
This compares with pan-European multilateral trading facility (MTF) Chi-X Europe, which traded €134.9 billion in November 2010. Chi-X Europe’s nearest competitor MTF BATS Europe traded €51.3 billion the same month.
Founded by German stock exchange Börse Berlin in early 2009, Equiduct is a retail-focused venue that displays the best bid and offer price available across multiple European trading venues. Equiduct is registered as a regulated market under MiFID.
It promises to match the best price via its network while minimising post-trade costs though its use of multiple clearing houses. The firm has been majority owned by US-based market maker Citadel Securities since July 2009, with Börse Berlin retained as a stakeholder.