Fixnetix, a leading provider of ultra–low latency market data, announces that BATS Holdings´ European Markets division selects Fixnetix´s sub–millisecond real–time data feed technology to source equities pricing for its pan–European multilateral trading facility set to launch this autumn.
BATS Europe selected the market data feeds because of Fixnetix´s fast, resilient and proven end–to–end performance without any buffering or loss of data.
Commenting on today´s announcement, Mark Hemsley, chief executive of BATS´ European Markets division, said: "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."
"Like BATS in the US, we are committed to Making Markets Better and are pleased to partner with a recognized low–latency leader," he said.
Hugh Hughes, Fixnetix chief executive officer, said "Fixnetix is one of the few vendors able to deliver both proven low latency connectivity and market data without any buffering or loss of data, so we´re delighted that BATS´ European Markets division has chosen our direct feeds for its exciting new alternative market BATS Europe.
"At Fixnetix we´re committed to the success of BATS Europe, and believe its decision to partner with Fixnetix is a strong endorsement of our determination to set the performance standard for end–to–end market data provision by delivering sub–millisecond performance and unrivalled reliability and performance," he said.
Fixnetix´s direct ultra low latency market data feed solutions have been designed to be fast, reliable and flexible, and feature high performance feed handler technology and full redundancy throughout the entire delivery mechanism. Fixnetix feeds integrate easily into an organisation´s existing architecture or can be used in a dedicated environment to deliver proven end–to–end performance.
About BATS
BATS Trading is a subsidiary of BATS Holdings, an innovative global financial markets technology company based in Kansas City, Mo., with additional offices in New York and London. The BATS Trading ECN platform was launched in January 2006 and is one of the fastest–growing, top–tier equity markets in the United States. BATS was recently approved by the Securities and Exchange Commission to operate as a national securities exchange beginning in October 2008. The company also has plans for a European launch in 2008 through its wholly owned subsidiary based in London. The BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker–dealer and trading community. BATS "¦ Making Markets Better.
About Fixnetix:
Fixnetix is the leading provider of low latency market data and trading infrastructure connectivity to financial institutions such as investment banks and hedge funds. Fixnetix solutions deliver proven end–to–end performance without any buffering or loss of data, ensuring minimal latency to all major trading venues in Europe and worldwide. Fixnetix delivers data in multiple formats, with sub–millisecond transformation if required, with services provided on the wire for reduced support costs, delivery times and ease of integration.
Whether co–located as close as possible to any exchange or MTF using Fixnetix´s @Source hosting, or connecting via the company´s Ethernet and fibre network, financial institutions can leverage Fixnetix´s high bandwidth connectivity without routing or hops for lowest latency direct access. For more information about Fixnetix, please visit www.fixnetix.com.
