Two execution venues have linked to low-latency networks as the demand for high-speed data and trading connectivity continues to grow worldwide.
BATS Exchange, the US equities exchange owned by BATS Global Markets, has made its Multicast PITCH real-time data feed available via software vendor Atrium Network’s Exchange Ring linkage network, which offers dark fibre connectivity to exchanges, multilateral trading facilities (MTFs) and electronic communications networks.
Multicast PITCH is designed to facilitate the redistribution of data by BATS Exchange members within their own networks. According to BATS, multicast PITCH offers up to a 50% reduction in latency and 20% fewer events than its point-to-point depth of book data feed.
“Our Exchange Ring connectivity helps clients bypass any legacy connectivity technology, easily accommodate connections to venues as required and offers fast access through a simple, resilient and secure connection,” said Emmanuel Pellé, executive director, Atrium Network, in a statement.
Separately, Fixnetix, a provider of market data and trading connectivity has launched a direct data feed and trading access to Burgundy, a Nordic-only MTF.
Traders will be able to use Fixnetix’s 10-gigabit point-to-point high-speed fibre network to connect to Burgundy and access real-time level 1 and 2 market data directly from the MTF.
“We’re delighted that Fixnetix’s expanding customer base of investment banks, prime brokers and high-frequency trading firms can now connect and trade directly on Burgundy,” said Burgundy’s CEO Olof Neiglick. “Fixnetix offers another important route for the growing number of investors demanding ultra-low latency access and market data from the increasingly fragmented Nordic equities market.”
Fixnetix operates 18 co-location and proximity hosting centres across Europe and the US to support trading in cash equities, futures, FX, commodities and bond markets.
According to the Fidessa Fragmentation Index, the trading technology provider’s weekly analysis of where European stocks are traded, Burgundy had a 0.15% market share of European blue-chips in the week beginning 15 February, including a 3.26% share of Swedish equities.
BATS Exchange had a matched market share of 10.2% of US equities trading in January 2010.