The Börse Berlin Equiduct Trading value proposition for Participants includes:

• A significant time/cost reduction to comply with MiFID order execution and best execution policy requirements;
• A unique, exchange enforced relationship between PartnerEx Participants providing guaranteed execution, increased order flow and reduced risk for both parties;
• The opportunity to capture the benefits of systematic internalisation while simultaneously avoiding the restrictions imposed by MiFID;
• The ability to offer price improvement as a substantial competitive advantage;
• A flat fee structure that Equiduct Trading believe will significantly undercut that of the competition;
• The choice of ICSDs and CSDs, CCPs, custodians and settlement agents for unrivalled clearing and settlement flexibility;
• An impartial venue for internalising institutional order flow.