BATS Europe, the multilateral trading facility (MTF) owned by US exchange BATS, has selected market data and trading services provider Fixnetix for co-location hosting.
The deal gives BATS Europe participants the ability to locate and cross-connect their trading engines with the MTF’s matching engine in Fixnetix’s hosting facility based in London’s Docklands area.
According to Fixnetix, the service will reduce round-trip times for trading and minimise network latency using its 10Gb+ DWDM network infrastructure.
“With an average round trip response of 380 microseconds, BATS Europe already delivers some of the fastest, sustained response times in the industry with world-class, sustained low latency,” said Paul O’Donnell, BATS Europe chief operating officer. “Co-location service is in demand from our participants who depend on absolute minimum latency for effective trading strategies and want close physical proximity to our system.”
Hugh Hughes, Fixnetix’s CEO, added, “We believe that our powerful European hosting and network infrastructure will provide an excellent facility for BATS participants as BATS continues to develop its business in Europe.”