Bourse Direct Signs Up for Euronext’s Best of Book to Improve Best Execution
- Retail investors trading with Bourse Direct can now gain all the benefits of Euronext’s trading platform.
Bourse Direct, a provider of online brokerage services in France and a direct member of Euronext markets, announced today that it has signed up for Euronext’s Best of Book to offer its customers best execution.
Individual retail investors trading through Bourse Direct will now be able to access all the benefits of Euronext’s Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, including impartial, transparent, reliable and improved quotes.
Catherine Nini, CEO of Bourse Direct, said: “Euronext’s Best of Book service provides real added value to our customers, who can execute their orders for a wide range of stocks in the best possible conditions. For retail investors, there are no downside, only benefits. By adopting Best of Book, Bourse Direct is pursuing its policy of offering ‘the best service at the best price'."
MiFID Regulation
In compliance with MiFID regulation, Best of Book offers optimum execution quality with the best price, fastest execution and highest likelihood of execution. By joining the service, Bourse Direct gives its customers access to Euronext’s Central Order Book, deep Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pool and Best of Book’s most favourable execution prices.
Best of Book reflects our belief that the Paris Bourse must be accessible to all profiles.
Designed by Euronext, Best of Book allows brokers to offer spreads on over 550 of the most liquid stocks listed on Euronext markets. A group of dedicated liquidity providers compete to offer quotes that are placed at or better than the European Best Bid and Offer. Orders not matched against these quotes are sent to the Central Order Book.
Bourse Direct and Euronext together will supply a range of tools and information to Bourse Direct customers using Best of Book, including monthly newsletters, brochures and research. Users will receive proof of best execution in reports produced by LiquidMetrix, an independent third party.
Anthony Attia, CEO of Euronext Paris, stated: “Our aim is to make the execution of retail investors’ orders more transparent and offer them competitive, high-quality service on Euronext markets. Best of Book reflects our belief that the Paris Bourse must be accessible to all profiles, from institutional investors to retail investors.”
Bourse Direct, a provider of online brokerage services in France and a direct member of Euronext markets, announced today that it has signed up for Euronext’s Best of Book to offer its customers best execution.
Individual retail investors trading through Bourse Direct will now be able to access all the benefits of Euronext’s Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, including impartial, transparent, reliable and improved quotes.
Catherine Nini, CEO of Bourse Direct, said: “Euronext’s Best of Book service provides real added value to our customers, who can execute their orders for a wide range of stocks in the best possible conditions. For retail investors, there are no downside, only benefits. By adopting Best of Book, Bourse Direct is pursuing its policy of offering ‘the best service at the best price'."
MiFID Regulation
In compliance with MiFID regulation, Best of Book offers optimum execution quality with the best price, fastest execution and highest likelihood of execution. By joining the service, Bourse Direct gives its customers access to Euronext’s Central Order Book, deep Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term pool and Best of Book’s most favourable execution prices.
Best of Book reflects our belief that the Paris Bourse must be accessible to all profiles.
Designed by Euronext, Best of Book allows brokers to offer spreads on over 550 of the most liquid stocks listed on Euronext markets. A group of dedicated liquidity providers compete to offer quotes that are placed at or better than the European Best Bid and Offer. Orders not matched against these quotes are sent to the Central Order Book.
Bourse Direct and Euronext together will supply a range of tools and information to Bourse Direct customers using Best of Book, including monthly newsletters, brochures and research. Users will receive proof of best execution in reports produced by LiquidMetrix, an independent third party.
Anthony Attia, CEO of Euronext Paris, stated: “Our aim is to make the execution of retail investors’ orders more transparent and offer them competitive, high-quality service on Euronext markets. Best of Book reflects our belief that the Paris Bourse must be accessible to all profiles, from institutional investors to retail investors.”