Get the best price for your retail orders

Euronext Best of Book

Euronext’s Best of Book (BoB) is a Best Execution service for retail orders. Dedicated liquidity providers offer price improvement for your retail flow. The service operates within Euronext’s robust and highly regulated Central Order Book.

Are you looking for Best Execution for your equity retail orders? Choose Best of Book!

  • Access equities without the need to connect to multiple platforms
  • Trade a true price within the Euronext’s Central Order Book, where the liquidity is the deepest in Europe
  • Meet MiFID’s best execution requirements
  • Benefit from a potential price improvement versus the European Best Bid and Offer (EBBO)* thanks to a dedicated pool of liquidity providers competing for your business
  • Receive best execution reports from an independent data provider. Enable retail investors to measure the execution quality objectively

*The EBBO is a benchmark price based on third-party best execution analysis. It is the best possible price available across all the European venues on which the instrument could have been traded at the time of the trade.

Best of Book is available for stocks through the following Euronext regulated markets: Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris (not yet available on the Milan market).

Access is open to direct and non-direct members of Euronext.

Euronext helps brokers offer best execution to retail investors

On average in 2023

98.82% of the time

BoB offers best execution for orders

€98,687,693

saved by retail investors

12.98% of the time,

execution was better than EBBO

(source: Iress Market Data)

€3.66

Average price improvement per trade

Euronext Quant Research papers

BoB versus Apex: No free lunch - trading on Apex more costly than on Best of Book

VBBO Trading: a best execution solution for retail investors or for market makers?