23 January 2008
COLT, a leading European provider of business communications, today announced it has already connected more than a dozen trading organisations to BATS Europe since the new pan-European equities trading venue launched on 31st October 2008. Since this point, BATS Europe has rolled out trading in 15 European indices.
COLT is using its low latency and highly resilient Ethernet solution to connect banks and market data providers to BATS Europe so that they can take full advantage of the high-speed processing and competitive pricing offered by the new venue.
“BATS Europe was one of the exciting alternative trading venues to launch in London last year and we are seeing high demand from our finance customers to connect to it,” said Detlef Spang, Managing Director, Major Enterprise Division, COLT. “We are committed to providing our customers with access to new trading venues as they become available. Low latency remains a key success factor for all electronic exchanges and our Ethernet connectivity solution is designed to be the fastest available in the market.”
“We are pleased to partner with COLT to connect traders to our efficient and reliable trading platform,” BATS Europe CEO Mark Hemsley said. “As we continue to grow, we will remain aggressive in our push to connect to key players in Europe, following our mission of Making Markets Better.”
COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to major businesses, SMEs and wholesale customers. COLT operates a 13-country, 25,000km network that includes metropolitan area networks in 34 major European cities with direct fibre connections into 16,000 buildings and 18 COLT data centres.
COLT Telecom Group S.A. is listed on the London Stock Exchange (COLT). Information about COLT and its services can be found at www.colt.net.
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 one of the fastest growing, top tier 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. 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.
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