Italian’s leading Investment bank joins the pan-European Exchange specialised in delivering Best Execution to retail brokers
London, July 13th, 2023: Equiduct, the retail-focused pan-European exchange, announced that Mediobanca is the newest member to join its Best Execution service, Apex.
Mediobanca is a premier specialized financial group offering Wealth Management, Consumer Banking and Corporate & Investment Banking services. Through its Execution trading platform, Mediobanca provides to its Institutional and retail clients access to the main European, American and Asian equity stocks, ETFs and Fixed Income instruments, offering a fully comprehensive range of execution services to reach Best Execution in financial markets.
By joining Equiduct, Mediobanca now has access to commission-free Best Execution for over 3,000 stocks and ETFs across 12 European markets, improving its own retail execution solutions and that of their clients with better prices and additional liquidity offered by Equiduct. Furthermore, Mediobanca represents the first Italian broker to offer agency execution for its group’s owned retail businesses and other Italian third-party retail banks and brokers.
Equiduct continues to be fully committed to working alongside the Italian retail brokerage community to ensure that an ever-growing number of individual investors receive the best possible execution for their transactions in Italian & European equities and ETF.
Wail Azizi, Chief Strategy Officer at Equiduct said: “I am pleased to welcome Mediobanca, a leading Italian financial institution, in times of such seismic market infrastructure changes in Italy. Mediobanca’s decision to join Equiduct and start offering agency services for other Italian retail brokers is a testimony to their farsighted market solutions strategy which will help them and their clients improve end-investors execution quality while significantly reducing the execution costs.”
Roberto Romeo, Managing Director, Head of Equity Trading & Structuring at Mediobanca said: “With the integration of Apex, Mediobanca has enhanced its range of best execution brokerage services and increased the liquidity made available to its customers. This project is testimony to our tireless commitment to improve our value proposition for clients consistent with the strategic pathway undertaken by Mediobanca in the area of innovation”.
--- END ---
For further information, please contact:
Notes to editors
Equiduct is an innovative, client driven pan-European exchange enabling retail brokers and institutional clients to achieve Best Execution in the most liquid and fragmented stocks and ETFs across 11 markets covering 16 European headline indices. Equiduct is a market segment of Börse Berlin, a regulated market operator under Article 44 of MiFID II. Börse Berlin is regulated by the Competent Authority Senatsverwaltung für Wirtschaft, Energie und Betriebe – Börsenaufsichtsbehörde and participation in trading is governed by German and European law. In 2022 it reported a turnover of €77bn and an overall ADV (average daily volume) of €300m.
Mediobanca is a diversified listed banking group. It is the leading Italian investment bank, with an unparalleled track record in lending, advisory and capital market services and a growing footprint in Southern Europe. The Group is also one of the leading Italian consumer credit operators, and a significant player in wealth management serving clients in both the Affluent & Premier and Private & HNWI brackets. An established reputation based on professionalism and discretion, combined with capital quality and solidity, make Mediobanca today the ideal business partner for companies looking to grow in Italy and Europe.