Nordic trade broker Danske Bank has joined Equiduct’s commission-free service, Apex, The TRADE understands.
Wail Azizi
“Joining Equiduct emphasises Danske Bank’s vision of creating an investment platform for all clients,” said Marjo Grandell, head of Eequities at Danske Bank.
“With the addition of Equiduct, we can provide even more liquidity for our retail clients in our already large investment universe of tradeable instruments via our digital channels such as Internet bank and mobile app.”
Danske Bank’s retail clients now have access to Equiduct’s real-time market date, as well as additional liquidity for stocks and ETFs from 12 European markets.
More than seven million retail end-investors are already using the execution and market-data services offered by Equiduct. In 2024, the exchange has welcomed three major Nordic brokers so far, with a total of five including Danske Bank.
Apex is a pan-European best execution service on the lit Börse Berlin, offering brokers access to all the major European lit trading venues through a single connection, including: Amsterdam, Brussels, Frankfurt, Lisbon, London, Madrid, Milan, and Paris.
The offering’s main features are limit order protection, Apex Retry (best execution for resting orders) and opening and closing cross.
In recent times, the Nordic market has had limited retail-focused trading solutions as well as high market data costs.
Speaking to this, Wail Azizi, Chief Strategy Officer at Equiduct said: “We’re happy to extend a warm welcome to Danske Bank to our exchange. Partnering with Danske Bank, a leading Nordic bank in the forefront of retail innovation aligns perfectly with our mission to foster positive change in pan-European retail trading and market data.”