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High-quality cost-effective pan-European market data solutions for every use case

Whether you are a retail broker, a sell/buy-side firm, a Market Maker, a Systematic Internaliser or a hedge fund looking for pre-or post-trade real-time feeds for your display or non-display use case, Equiduct has something for you. Our consolidated Pan-European Market Data feeds are the most cost-effective products amongst our exchange peer group and with zero retail user fees of course.

Better Market Data,
cheaper.

Here is an overview of
our Market Data feeds

Market By Limit

Equiduct’s flagship market data feed (Level 2).
Created from Equiduct’s consolidated pan-European order book.
Includes the top 10 price levels with aggregated liquidity from multiple European markets (pre-trade data), providing a comprehensive view of the market.
Shows aggregated trades from the pan-European consolidated book (post-trade data), including trades completed on Equiduct.
Ideal for all display and non-display use cases.
A more complete product and cost-effective alternative to traditional exchange and MTFs data feeds.

Real Time Annual Licence Fees starting €36,600 per annum.

CLOB

The Equiduct CLOB is a Level 2 data feed offering full order-by-order data, capturing every bid, offer, and executed trade within Equiduct’s own Central Limit Order Book. It provides a complete view of trading activity, including all executions on Equiduct, such as those occurring at the VBBO, in the CLOB, or against ALP Liquidity.

Pre- and post-trade market data feed displaying full order book depth for Equiduct’s Central Limit Order Book (CLOB).
Includes all executions completed on Equiduct, whether against CLOB resting orders, ALP or VBBO-derived liquidity.
Ideal for TCA, execution strategies modelling, testing and optimisation
Offers a unique view of pan-European retail driven activity.

Real Time Annual Licence Fees starting at €22,875 per annum.

VBBO

The VBBO feed delivers Volume-Weighted Best Bid and Offer (VBBO) prices by aggregating visible pre-trade liquidity from multiple European venues, including Equiduct’s own CLOB.

Provides pre-trade transparency for Equiduct’s Apex Best Execution service.
Built from our virtual consolidated order book, aggregating visible pre-trade liquidity from multiple European markets.
Ideal for display use by retail brokers and SOR routing non-display use.
Provides the best executable price (bid and offer) for standardized order sizes:
- Retalil Market Size (RMS) – Fixed at €7,500.
- Standard Market Size (SMS) – Determined by the annual AVT (Annual Value Traded) published by ESMA.
- Apex – The largest executable size provided by Equiduct’s Liquidity Providers within the Apex service.

Real Time Annual Licence Fees starting at €22,875 per annum.

ALP

This Level 2 feed provides pre-trade visibility of all ALP orders on Equiduct.

Provides order-by-order transparency of all ALP orders.
Enhances market transparency by offering visibility on retail-only addressable liquidity available for retail brokers on Equiduct’s own CLOB.
Supports best execution analysis with detailed pre-trade information.

Real Time Annual Licence Fees starting at €22,875 per annum.

Client Specific

Client Specific is a customised pre-trade Level 1 market data feed that provides liquidity information for Apex market participants. This feed delivers a personalised view of liquidity made available to the specific participant at the European Best Bid and Offer (EBBO).

Pre-trade Level 1 market data feed customised for each Apex participant.
Provides a tailored view of liquidity available at the European Best Bid and Offer (EBBO).
Ideal for market participants active on Apex trading service for non-display use cases.

Real Time Annual Licence Fees starting at €22,875 per annum.