Continuous variable quantum key distribution with a real local oscillator using simultaneous pilot signals. 
In this Letter, we propose a novel implementation of continuous variable quantum key distribution that operates with a real local oscillator placed at the receiver site.  In addition, pulsing of the continuous wave laser sources is not required, leading to an extraordinary practical and secure setup.  It is suitable for arbitrary schemes based on modulated coherent states and heterodyne detection.  The shown results include transmission experiments, as well as an excess noise analysis applying a discrete 8-state phase modulation.  Achievable key rates under collective attacks are estimated.  The results demonstrate the high potential of the approach to achieve high secret key rates at relatively low effort and cost.