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Equiduct en España

Welcome to the first Equiduct en España newsletter.

January 2022

As this is our first newsletter, we would like to first recap some of our key milestones of 2021:

We opened a new office in Spain deepening our relationship with local market participants


We have welcomed new clients over the year, both traditional and neo- brokers


We have partnered with Cad It to open up access to Apex via their front-end trading solutions

We launched a true solution to retail ETF access in Europe, with 321 ETFs available for Best Execution via Apex

We launched a new brand and website, which reflects our principles and why we exist

We partnered with big xyt to access best-in-class data analytics and independent insights into the quality of our execution

Here’s a summary of what we have seen in Equiduct over the month of January 2022 and Q4 2021

Honesty and integrity

€467M ADV in Jan 2022

January’s ADV is already breaking Equiduct Q4 ADV of 2021 of over €340M

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Spain = 8.5% of our ADV

Spain represents a total of 8.5% of our total ADV. In January, Spanish ADV reached €34M


49% market share growth

Equiduct’s market share in Spain grew by 49% in 2021 vs 2020

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€6.5Bn turnover in Spain

In 2021, Spanish turnover reached €6.5 billion in Equiduct

Equiduct's ADV progression overall and in Spain

ADV progression


Our top traded Spanish stocks


Banco Bilbao Vizcaya


International Airlines Group


Santander Group







Execution quality analysis of Spanish stocks on Equiduct

Q4 2021 data, obtained and analysed by smart data and analytics company, big xyt, which an independent
and fully neutral market data analytics provider.

Price formation on Equiduct (for Spanish instruments) uses liquidity available on BME, CBOE Europe,
Turquoise Europe and Equiduct’s own CLOB. As a result, execution prices on Equiduct will always be
better or equal to those achievable on BME.


Execution quality


Looking into the future

We have many new developments in our pipeline! We are looking forward to announcing soon 
further geographical expansion of our universe and new exciting ETFs.


Download the newsletter in PDF format
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The trading venue of tomorrow, today.

"We’re excited to have opened our office in Madrid in 2021, and we’re very optimistic about the potential for growth in Spain, and delighted with the response we’ve received so far from the Spanish market.

For 2022, we expect to see a substantial increase in participation from Spanish brokers in benefiting from our unique Best Execution offering for retail investors".

Luis Velasco, Country Head - Spain