Thomson Reuters announced today that BATS Europe has implemented its pan-European low latency direct feed solution through the Thomson Reuters Elektron Hosting facility in London.
Thomson Reuters provides the BATS Europe multi-lateral trading facility (MTF) with a single network connection through which it can access ultra low latency real-time pricing information from primary European execution venues. Thomson Reuters offers access to data feeds from over 300 markets worldwide.
BATS Europe, launched in October 2008, currently executes 8-10% of the FTSE 100, 7-9% of the SMI, 5-6% of the FTSE 250, CAC 40, AEX and OMXH25, and more than 5% of the European market overall.
Paul O’Donnell, COO of BATS Europe, said: “With growing market share and increasing usage of our smart order routing service, reliable low latency market data is critical to our business. With the addition of the low latency Thomson Reuters direct feed we continue to meet our participant's demand for price discovery information from all the key European electronic markets.”
London Elektron Hosting customers can also co-locate their trading applications within the same data center facility as BATS Europe. With speed a prerequisite in cash equity market trading, the service delivers customers high quality, low latency market data required to support their trading strategies.
Scott Kennedy, Global Business Manager, Direct Feeds, Thomson Reuters, stated: “As part of the Elektron community, BATS Europe can offer participants access to a low latency direct feed with the depth and efficiencies of a consolidated feed to their clients through the secure, high performance Elektron network. This agreement illustrates Thomson Reuters commitment and strength in delivering low latency solutions to the MTF community and their trading customers.”