Equiduct Systems had obtained capital infusion from new investors such as BNP Paribas SA and Winterflood Securities. This assures the future of the trading venue as its shareholders contemplated on whether closure was warranted or not.
The new shareholders of the bourse would include BNP Paribas Securities Services, KBC Securities, Winterflood, Viel & Cie and Knight Capital Group Inc. According to an interview with Arthur Fischer, interim CEO of Equiduct Arthur Fisher assured thare is now enough funding for it to tide it over until it breaks even.
He said, "Equiduct reached out to its members for support. With a mutualized ownership structure, which is also reflected in the new board composition, a tremendous committment from existing stakeholders, the introduction of new partners and additional funding, we expect to be well positioned to invest in and grow out the Equiduct offering."
Equiduct is a trading platform for retail brokers and was previously owned by Citadel Investment Group. Fischer announced that the platform is looking for a new chief executive.
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