Fixnetix introduces co-location hosting for Bats Europe

Source: Fixnetix

Fixnetix, a leading provider of ultra-low latency exchange hosting, market data and trading services, has announced co-location hosting for users of Bats Europe's high performance pan-European Multilateral Trading Facility (MTF).

The service gives BATS Europe participants the ability to co-locate and cross connect their trading engines in Fixnetix's Docklands-based facility to the BATS Europe matching engine.

Co-location provides the advantages of reduced round trip times for trading and minimised network latency. The new co-location service complements Fixnetix's high bandwidth 10 Gb+ DWDM network infrastructure which has provided low latency access to BATS Europe since the launch of the platform in October 2008.

"With an average round trip response of 380 microseconds, BATS Europe already delivers some of the fastest, sustained response times in the industry with world-class, sustained low latency," said Paul O'Donnell, BATS Europe Chief Operating Officer. "Co-location service is in demand from our participants who depend on absolute minimum latency for effective trading strategies and want close physical proximity to our system. We are pleased to work with recognised low latency providers like Fixnetix to meet that need."

"The BATS Europe Multilateral Trading Facility was clearly built for speed and efficiency, so we're delighted to offer high performance co-location for its European operation," added Hugh Hughes, Fixnetix's Chief Executive Officer. "At Fixnetix we're committed to setting the performance standard, and we believe that our powerful European hosting and network infrastructure will provide an excellent facility for BATS participants as BATS continues to develop its business in Europe."

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