BATS Europe, a pan-European equities trading venue, has selected market data vendor Fixnetix’s sub-millisecond data feed to provide its trading platform with equities pricing.
According to Fixnetix, which also provides market data feeds for rival MTFs Equiduct and Turquoise, it was selected by BATS Europe because of its fast, resilient end-to-end performance without any buffering or loss of data.
“Securing the fastest and most accurate market data is a key requirement for BATS Europe, and we’re confident that Fixnetix’s European equities feeds will assist us in establishing BATS as a leading equities trading venue for the European market,” said Mark Hemsley, chief executive of BATS Europe, in a statement.
The service will be available from BATS Europe’s go-live date, which has been confirmed as 31 October. Testing with the MTF’s clearing provider, Fortis’s European Multilateral Clearing Facility (EMCF), has already begun despite Fortis’s part-nationalisation announced yesterday. Testing with CREST, the platform’s settlement system, is due to commence on 13 October.
From the go-live date, 10 UK securities will be available for trading, increasing to all London Stock Exchange securities supported by EMCF and 10 Euronext securities by 7 November. All Euronext stocks supported by EMCF along with 10 Xetra securities will be available from 14 November, with a full rollout of Xetra stocks expected by 19 November.