Interoute Fast Trade now offers low latency connectivity to the fast-growing BATS Europe MTF
London, 13 April 2010 – Interoute, owner operator of Europe’s largest next-generation network announces the availability of direct connectivity to BATS Europe, the second largest Multilateral Trading Facility (MTF) in Europe.
Financial institutions can connect directly to BATS Europe via Interoute’s high quality bandwidth service, Fast Trade, which offers ultra low latency connectivity between 25 countries in Europe.
“We are pleased to partner with Interoute to connect market participants to the highly efficient, low latency BATS Europe platform. We remain committed to providing market participants with a choice of connectivity providers that can provide our customers with the low latency and resilient experience they have come to expect from us,†said Paul O’Donnell, Chief Operating Officer of BATS Europe.
Lee Myall, UK regional director at Interoute, said: “BATS Europe’s 300 per cent growth spurt in 2009 is testament to its investment in leading technology and its innovative approach to financial trading. Not only has this proposition attracted many leading blue chip companies, but it has earned it a reputation for high performance across its trading platforms. We are committed to helping BATS Europe to continue its delivery and innovation in this field.â€
Supporting trades in securities across 16 European markets, BATS Europe provides world-class system performance with 99% of orders filled in 465 microseconds. Interoute’s Fast Trade service was chosen as it guarantees ultra low round trip delay times and low latency between any trading hub on Interoute’s extensive European network, which covers more than two hundred of Interoute’s points-of-presence (PoPs).
Interoute Fast Trade is a point to point service based on Interoute’s SDHwavelength platforms. Any Fast Trade bandwidth purchased is entirely dedicated to the customer, ensuring the latency does not vary during the working day. Before it goes live, each Fast Trade route is tested for its exact round trip delay. This delay, measured to the nearest 100 microseconds, is then guaranteed in a premium quality Service Level Agreement (SLA) before the customer takes delivery of the service, ensuring a predictable high quality, high speed service. Furthermore, the Interoute SLA means that should the round trip delay not match the guaranteed level the customer is free to cancel the service without any additional charges.
BATS Europe, which launched on the 31st of October, 2008, currently matches more than 9% of trading in the FTSE 100, 6% of the FTSE 250, FTSE MIB and SMI, and 4-5% of the CAC 40 and DAX.
About Interoute
Interoute is the owner operator of Europe’s most advanced and densely connected voice and data network, encompassing over 55,000 km of lit fibre with 8 hosting data centres and 32 colocation centres. Its full-service next generation network serves international enterprises from a broad range of sectors including aerospace, automotive, finance, pharmaceutical and retail, plus every major European incumbent, as well as the major operators of North America, East and South Asia, governments, universities and research agencies. These organisations find Interoute the ideal partner for hostingwholesale bandwidth and transit services, corporate connectivity or creating new services. With established operations throughout mainland Europe, North America and Dubai, Interoute also owns and operates dense city networks throughout Europe’s major business centres. More than €1 billion in e-commerce transactions flows through its data centres each day, making Interoute a key part of Europe’s Digital Supply Chain.
About BATS
BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc., is a premier destination among the top ranked equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities. Most recently, BATS launched a US equity options market, BATS Options, and expects to launch a second US equities exchange, BYX, in early summer 2010. 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.
PR contacts:
Ruth Jones / Rebecca Gregory / Katie Swan / Lisa Francis
Speed Communications
+44 (0) 20 7842 3200
interoute@speedcommunications.com
BATS contact:
Media / analysts: Randy Williams +1.212.378.8522 rwilliams@batstrading.com
To trade in the US: Joe Bracco +1.212.378.8527 jbracco@batstrading.com
To trade in Europe: Alex Dalley +44.207.012.8920 adalley@batstrading.com
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