RedSky's proprietary direct market access technology enables traders to electronically receive prices from multiple sources and route orders to leading market destinations, while meeting best execution requirements and managing risk. The BATS ECN, an electronic trading platform for anonymous matching of U.S. equity securities, reported record daily volume of more than 330 million shares January 31. BATS has accounted for more than 13% of Nasdaq-listed volume for each of the past eight trading sessions.

"BATS is excited about this partnership with RedSky," said BATS Chief Executive Officer Dave Cummings. "We look forward to earning the business of RedSky users, many of whom rely upon the high-speed, high-volume, anonymous, reliable algorithmic trading that the BATS platform was designed to handle."

"The addition of BATS and its deep pools of liquidity to our suite of multi-asset class trading venues offers another important strategic tool to our active clients," said Bob Fitzsimmons, Chief Executive Officer of RedSky. "At RedSky, we believe that our vision of providing users with the best access to the market for latency-sensitive traders meshes well with the way BATS does business."