Bats Chi-X Europe, the pan-European Recognised Investment Exchange, is in the process of onboarding customers to "BXTR", a suite of on- and off-exchange trade reporting services.
With all functions fully operational, the BXTR pan-European trade reporting service has captured significant market share since its launch earlier this month.
Mark Hemsley, CEO of BATS Chi-X Europe, said: "We are encouraged greatly by the initial participation in BXTR, as customers realise the benefit of our comprehensive, pan-European reporting services. We appreciate the support of our initial participants and look forward to working together as an industry to improve and consolidate reporting requirements for the entire European trading community."
BATS Chi-X Europe is pleased to confirm that the following firms are in the process of joining the BXTR service:
• Credit Suisse
• Morgan Stanley
BXTR offers the pan-European trading community a comprehensive solution to report trades with the option to centrally clear and multi-laterally settle their off order book trades. Market participants have access to more than 10,000 reportable securities and Exchange Traded Funds. Additional information on BXTR is available at batstrading.co.uk/trs.
All market data reported via BXTR is included in BATS Chi-X Europe's existing market data feeds and represents considerable additional value to its market data. BATS Chi-X Europe has announced that market data pricing for 2014 will show no increase over 2013. BXTR pricing data is available at www.batstrading.co.uk/support/.
BXTR trade reports can be accessed on Bloomberg and Thomson Reuters. Information is available at BXTR on Bloomberg and BXTR on Thomson Reuters.
BATS Chi-X Europe supports the Market Model Typology (MMT) project, an industry working group committed to achieving a practical and common solution for harmonised standards on post-trade equity data.