Effective Date: 16 February 2026
Equiduct is pleased to announce the introduction of a new Level 2 (L2) Retail Market Data Feed, providing depth of book and full post-trade transparency for all instruments admitted to trading on our venue. The new feed will deliver comprehensive order book information and granular event-level updates designed to support advanced trading, analytics and risk workflows across a wide range of market participants.
Key features of the L2 Retail Market Data Feed:
- Pre- and post-trade data
- Ten price levels showing depth available to execute retail orders on Equiduct
- Aggregated volume per price level
- Realtime feed with zero conflation, suitable for Smart Order Routers
- Message structure aligned with Equiduct’s ITCH-based protocol
The L2 feed will be available through dedicated distribution channels for both Members and Market Data customers.
Commercial terms
The Level 2 Market Data Feed will be made available under the Equiduct Product Licence Agreement.
The annual licence fee for the Level 2 Market Data Feed is EUR 80,000 for real time usage, EUR 40,000 for delayed usage and EUR 20,000 for last sale usage, subject to the applicable licensing terms and usage scope as set out in the Equiduct Product Licence Agreement.
Detailed commercial terms, including licensing options and usage conditions, are available upon request via Equiduct Market Data.
UAT and Go-Live Timeline
- 16 January 2026 – UAT environment available
- 16 February 2026 – Production Go-Live
The UAT environment for Members and Market Data clients will open on 16 January 2026. To obtain UAT credentials or request access, please contact Equiduct Market Control at:
Clients requiring technical documentation or commercial details related to the new L2 feed are invited to contact Equiduct Market Data at:
Equiduct will continue to provide additional information and any relevant operational instructions in advance of the go-live date.
Should you have any questions, please do not hesitate to reach out to us.
Equiduct Market Control & Market Data
