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."