French online broker Bourse Direct has partnered with pan-European trading platform Equiduct, to provide offer its clients with best execution.
The principle of offering clients best execution is required by Markets in Financial Instruments Directive (MiFID), which came into force in November 2007.
Equiduct claims that its unique model will offer Bourse Direct’s customers a guarantee of best price execution, with an improvement of several euro per order on average compared to the primary markets.
Peter Randall, CEO of Equiduct, said: “We are very pleased that through this partnership, Bourse Direct can provide its retail clients with the benefits from MiFID: more competitive trading fees, improved traded prices and transparency.”
Catherine Nini, CEO of Bourse Direct, said: “By connecting to Equiduct, we offer our customers a solution that allows them to capitalize on the increasing fragmentation of liquidity, a major consequence of MiFID, which is a priority for us.”