AboveNet Communications, a fibre optic connectivity solutions provider, has installed a private managed Ethernet network for BATS Europe, the London-based pan-European multilateral trading facility.
“BATS is replicating in Europe the same speed and responsiveness it has displayed in the US,” said Mark Hemsley, CEO, BATS Europe. “Delivering a low-cost, high speed platform is at the heart of our offering, and AboveNet’s private fibre optic service is helping make that happen by supplying resilient connectivity between our key locations. This network enables us to provide constant, duplicated live feeds for the cross-referencing and compliance our clients need,” he added.
“Our experience in the finance and trading sector and the durability and capacity of our network has given BATS Europe the mission-critical connectivity it requires,” noted John Donaldson, managing director, AboveNet. “The ability to conduct transactions in sub-millisecond timeframes backed up by an advanced networking infrastructure will be attractive to clients in the UK and beyond.”
“The requirements of the MiFID regulations as well as the demand for algorithmic trading from hedge funds and investment banks mean that the amount of data
being transported is growing exponentially. The only way to keep up with these bandwidth demands and meet critical specifications for low latency transactions
is through a private fibre network,” added Donaldson.