US expansion Equiduct is launching a US stocks trading segment in June 2026, with on-exchange access and zero trading fees for retail brokers. This creates a cross-border sales opportunity to onboard European brokers and fintechs looking to offer US equity trading to their clients.

Interoperable CCYs The US segment will be supported by two interoperable central counterparties (SIX x-clear AG and Cboe Clear Europe N.V.) subject to regulatory approvals, signaling a need for robust post-trade data, risk management, and connectivity solutions that align with cross-CCP workflows.

Retail focus Equiduct remains a pan-European retail-focused exchange with substantial retail broker activity (36 active brokers, 18.6 million trades in 2025), indicating strong potential for sales partnerships with brokers seeking Best Execution and cost-efficient market data for retail clients.

Data and tools Recent updates include revamped Market Viewer and enhanced visual identity, plus market data products for retail and institutional clients. This suggests opportunities to upsell premium data feeds, analytics, and integration services to current brokers and new US segment participants.

Strategic growth Part of Börse Berlin under MiFID II Article 44, with ongoing leadership in European liquidity across equities and ETFs. Growth activity such as Danske Bank partnership and US expansion implies cross-sell potential to banks, payment providers, and regional brokers seeking liquidity and cost efficiency.