Bats Europe supplies real-time data to US

09 Sep 2009

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Bats is offering European market data to its US members free of charge

Multilateral stock trading facility (MTF) Bats Europe is offering real-time pan-European market data to its US counterpart.

The market data is supplied free of charge to Bats Exchange members and market data vendors. The information is redistributed via the Bats Europe TCP feed and delivered using a US connection.

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"Bats remains committed to making markets better through the creation of innovative trading tools and services such as real-time market data feed redistribution from the Bats Europe MTF," said Chris Isaacson, chief operating officer at Bats Exchange.

Bats received authorisation from the Financial Services Authority to begin operations in Europe last year. A direct competitor of the London Stock Exchange, the firm sought to take advantage of competition driven by the Markets in Financial Instruments Directive rules to liberalise equity trading across Europe.

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