Source: BATS Exchange
BATS Exchange, an innovative and technology leading U.S. stock exchange, and NYSE Technologies, a provider of complete electronic trading solutions, today announces the immediate availability of BATS Multicast PITCH real-time depth of book data feed via NYSE Technologies' Secure Financial Transaction Infrastructure® (SFTI®) network.
Multicast PITCH provides up to a 50% reduction in latency with 20% fewer events than the Exchange's TCP PITCH feed (a point-to-point depth-of-book market data feed) and allows BATS' market data recipients to more easily redistribute the data within their own networks.
As with all of BATS' market data feed offerings, Multicast PITCH is free for BATS Exchange members and market data vendors. The service can be accessed over the same connections leveraged by NYSE Technologies' SFTI® customers to tap the full spectrum of displayed US equity and options markets.
To complement Multicast PITCH, BATS offers its proprietary "Spin Server" which lets users reconnect to Multicast PITCH intraday and quickly build a snapshot of the state of the electronic order book without having to replay every message of the day.
"We are pleased that Multicast PITCH is now available to BATS Exchange members and market data vendors that connect to BATS' world-class platform through the SFTI® network," said Chris Isaacson, COO of BATS Exchange. "These members and market data vendors can begin receiving the Multicast PITCH feed immediately for fast, efficient access to BATS market data."
Ken Barnes, vice president, Global Connectivity, at NYSE Technologies, said "Our equity market customers are looking for comprehensive connectivity solutions that touch every corner of the market and NYSE Technologies continues to provide that with this additional BATS data feed solution. SFTI® is focused exclusively on the high performance trading community while providing an unmatched level of speed and quality."