BATS Trading, a US-based electronic communications network, has added GETCO Execution Services, an alternative trading system, to its Dark Scan order type.
Using Dark Scan, BATS’ clients can route orders to so-called dark liquidity partners – non-displayed liquidity venues the ECN has links to. These include Knight Link, Liquidnet H20 and now GETCO. After Dark Scan sends orders to these venues to get filled, it then routes them back to the BATS order book to fill any remaining shares.
According to BATS, Dark Scan is designed to integrate a broad mix of liquidity sources and offers low access fees to its subscribers.
“We’re proud that Dark Scan will now include GETCO Execution Services, continuing our pattern of linking only with those dark liquidity partners likely to provide the best fills for our subscribers,” said BATS CEO Joe Ratterman, in a statement.