14 December 2017
visit www.solutions.lexisnexis.com

Bats Europe launches smart order router

25 January 2010  |  5043 views  |  0 grid

Exchange execution venue Bats Europe has launched a pan-European smart order routing service for best execution access to multiple market centres including exchanges, MTFs and dark pools.

Under the new facility, dubbed Cycle, orders are routed to pan-European market centres, searching for liquidity at the best price points up to, and including, the limit price on the original order.

The routing fee for Cycle will be 0.50 basis points for all securities. The routing fee for accessing dark pools is 0.30 basis points for all securities. Fees for accessing Bats Europe order books remain unchanged.

The move represent a further blurring of the lines between brokers and exchanges in the post-MiFID pan-European trading landscape. With leading brokers opening their own dark pools and converting to MTFs, execution venues such as Bats are moving into traditional broker territory with the launch of liquidity management and off-exchange order-routing services.

Mark Hemsley, CEO of Bats Europe says smart order routing is one of a series of new features that the MTF will roll out in the coming months as it competes for market share.

"Our new smart order routing solution is designed to give Bats Europe's market participants even more choice for deploying their trading strategies whilst minimising market access complexities and costs of meeting best execution criteria," he says.

The fast-growing MTF, which launched less than 15 months ago, saw pan-European trading volume break the EUR2 billion barrier for the first time on Friday, setting a record for the fourth straight day.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bats plans US listings market

Bats plans US listings market

18 December 2009  |  5310 views  |  0 comments
Nomura to launch pan-European dark pool

Nomura to launch pan-European dark pool

14 December 2009  |  5617 views  |  0 comments
Bats plans second US equities exchange

Bats plans second US equities exchange

17 September 2009  |  7849 views  |  0 comments
Bats plans US options exchange

Bats plans US options exchange

08 July 2009  |  9669 views  |  0 comments
Dark pool pricing set to tumble as Bats Europe enters fray

Dark pool pricing set to tumble as Bats Europe enters fray

29 June 2009  |  5930 views  |  0 comments
Turquoise volumes slump; Bats picks up FTSE 100 share

Turquoise volumes slump; Bats picks up FTSE 100 share

23 March 2009  |  9727 views  |  0 comments
BNY ConvergEx unveils European smart order router

BNY ConvergEx unveils European smart order router

13 November 2008  |  5044 views  |  0 comments
Bats Europe launches

Bats Europe launches

31 October 2008  |  9181 views  |  0 comments
Smart routing vital to success in post-MiFID market

Smart routing vital to success in post-MiFID market

09 June 2008  |  5504 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.niceactimize.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12245 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9564 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8188 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7405 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7296 views comments | 20 tweets | 11 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job