Tbricks, a Swedish-based trading solutions provider, will connect to BATS Europe from the multilateral trading facility’s launch on 31 October.
Tbricks is already connected to Nasdaq OMX Europe, Chi-X and Turquoise. The firm’s technology supports automated, high-frequency proprietary trading. According to Tbricks, clients will be able to take advantage of its direct connectivity to ensure minimal latency when trading on BATS Europe.
“This is yet another step in making the European markets for execution services even more competitive,” said Jonas Hansbo, CEO of Tbricks, in a statement. “Our clients will find great value in directly accessing a new liquidity pool based on a proven and blistering fast trading platform.”
BATS Europe is owned by BATS Trading, whose US platform has captured a 10.5% share of the equity trading market in two years.