Orange connects trading network to BATS Europe

Orange Business Services – Trading Solutions, a provider of trading communications services, has connected its recently-established trading network to BATS Europe, the pan-European multilateral trading facility (MTFs) operated by US exchange BATS.
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Orange Business Services – Trading Solutions, a provider of trading communications services, has connected its recently-established trading network to BATS Europe, the pan-European multilateral trading facility (MTFs) operated by US exchange BATS.

The low-latency link will allow Orange’s network customers, including investment banks and brokers, to connect easily to BATS Europe.

Orange’s trading network, which uses multi-protocol label switching (MPLS) technology, hosts more than 2,000 financial institutions globally. It offers wide, fast links to MTFs and other liquidity pools. The network’s number of connections and bandwidth can be scaled to meet all customers’ needs.

“This alliance with BATS Europe is part of our ongoing strategy to provide customers with the most efficient access to pools of liquidity,” comments Lionel Grosclaude, head of operations, Orange Business Services –Trading Solutions. “We aim to ensure our customers are receiving the highest value in our services including managed connectivity and smart order routing, at the most cost effective pricing, whilst benefiting from our low latency MPLS trading network.”

Paul O’Donnell, COO at BATS Europe, added, “Using our successful US strategy as a blueprint, we are making markets better by providing easy access to BATS Europe for all European market participants. Connecting to top financial extranet solutions such as Orange Business Services – Trading Solutions is a key part of that strategy.”

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