Common Contracts
1 similar Product License Agreement contracts
Equiduct Product Licence AgreementProduct License Agreement • October 29th, 2020
VBBO is a real-time data feed providing, for any security traded in Equiduct’s Apex and SpotVBBO trading services, the Volume Weighted Best Bid and Offer for Retail Market Size (RMS) (~7,500€), Standard Market Size (SMS, where defined by ESMA), Max Apex Size (PEX) and Max SpotVBBO Size (SVB). The VBBO is calculated on the basis of a virtual order book formed from consolidated visible level 2 data from relevant markets. The VBBO data product provides pre-trade transparency for the Apex and SpotVBBO services.
