Exciting Developments at Equiduct with Banca Akros
Equiduct is thrilled to announce a significant addition to its network. Banca Akros, a key player in financial services, has joined as a direct member of Equiduct and as a new agency broker on the Apex platform. This partnership is set to enhance the execution services provided to retail brokers across Europe.
Banca Akros: A Trusted Name in Finance
Banca Akros stands as the investment bank for Banco BPM Group, boasting a rich history of over 25 years. It has become a pivotal reference point for mid-sized corporations and financial institutions, delivering transparent products and tailored financial services. The bank is dedicated to meeting the diverse needs of its customers in areas such as capital market access, financial risk management, and extraordinary finance solutions, even on a cross-border level.
Benefits of Joining Equiduct
By becoming a direct member of Equiduct, Banca Akros gains access to commission-free Best Execution across 12 vibrant European markets. This enhances the competitiveness of its retail services and improves execution quality. The collaboration further promises better pricing and increased liquidity from Equiduct, positioning Banca Akros even more favorably in the marketplace.
Commitment to Retail Investors
Equiduct is committed to partnering with the retail brokerage community in Italy. The goal is to ensure that a growing number of individual investors benefit from top-notch execution for their transactions in both Italian and European equities and ETFs. This cooperative effort aims to enrich the trading landscape for all involved.
Insights from Banca Akros
Giuseppe Puccio, General Manager at Banca Akros, expressed his enthusiasm about this new chapter: "Joining Equiduct's Apex service significantly boosts our ability to deliver best execution for our clients. We are excited about the improved market variety and competitive pricing it brings. The integration with our proprietary Sabe equity system aligns perfectly with our mission to provide innovative and valuable services to our clients. This collaboration enhances our offering for accessing international equity markets and reaffirms our commitment to client satisfaction."
Words from Equiduct's Leadership
Wail Azizi, Chief Strategy Officer at Equiduct, added, "We are delighted to welcome Banca Akros as a direct exchange member. Their use of the Apex platform in conjunction with their updated best execution service will significantly enhance execution quality for their clients. We expect this change to lower costs related to their transactions in Italy and across Europe, further empowering individual investors. Banca Akros, being one of Italy’s leading retail aggregators, exemplifies innovation in execution services. Congratulations to Giuseppe and the Banca Akros team on this successful partnership."
About Equiduct
Equiduct is recognized as a forward-thinking, client-centric pan-European exchange. It empowers retail brokers and institutional clients alike to achieve Best Execution across highly liquid and fragmented stocks and ETFs, spanning 12 markets and including 16 European headline indices. As a market segment of Börse Berlin, Equiduct operates under Article 44 of MiFID II regulations. In 2023, it reported an impressive turnover of €79 billion and an average daily trading volume of €310 million.
About Banca Akros
Banca Akros has been a staple in the financial landscape since its establishment in 1997, headquartered in Milan. It is a reputable investment bank and a key subsidiary of Banco BPM. The bank offers a wide array of services including investment banking, brokerage, and research, catering specifically to corporate clients, financial institutions, and professional investors. Specializing in mergers and acquisitions, capital markets, and structured finance solutions, Banca Akros expanded its reach through the acquisition of Oaklins Italy, further enhancing its capabilities in the competitive international financial arena.
Frequently Asked Questions
What is Equiduct's role in the financial market?
Equiduct is a pan-European exchange that focuses on providing best execution services to retail brokers and institutional clients, enhancing trading efficiencies across various European markets.
Who is Banca Akros?
Banca Akros is the investment bank of Banco BPM Group, specializing in financial services for mid-sized corporations and institutions with a strong focus on tailored solutions.
How does joining Equiduct benefit Banca Akros?
Joining Equiduct provides Banca Akros with access to commission-free Best Execution across 12 markets, improving competitiveness and execution quality for its retail clients.
What is the Apex service?
Apex is Equiduct's platform designed to enhance best execution services, enabling brokerage firms like Banca Akros to optimize trading for their clients through advanced tools and liquidity access.
What is Equiduct's performance in recent years?
In 2023, Equiduct reported a turnover of €79 billion, reflecting significant market activity and an average daily trading volume of €310 million, showcasing its importance in the trading ecosystem.
