Atrium Network, provider of smarter connectivity for the financial community, today announced that it is one of the first extranets to support Multicast Pitch, the real-time depth of book data feed from Bats Europe, the fast-growing multilateral trading facility (MTF).
Atrium Network provides access to the BATS Europe multicast feed enabling high speed, ultra low latency data delivery for BATS Europe participants. The combination of BATS Europe's multicast data feed combined with Atrium Network's ultra low latency will offer users a high speed competitive advantage.
Multicast PITCH provides up to a 50% reduction in latency with 20% fewer events than the MTF's TCP PITCH feed (a point-to-point depth-of-book market data feed) and allows recipients of BATS Europe's market data to more easily redistribute the data within their own networks.
As with all of BATS Europe's market data feed offerings, Multicast PITCH is free for users of BATS Europe and can be accessed over the same connections used by Atrium Network customers.
Commenting on this new offering, Emmanuel Carjat, Chief Executive Officer of Atrium Network said, "We pride ourselves on being responsive to the changing requirements of our customer base. Our platform is designed to be able to easily accommodate the continual developments by MTFs and we work with vendors and customers alike to ensure that enhancements are made seamlessly with no impact on client service. The flexibility of our connectivity offering is demonstrated by the fact that clients can access MTFs' lit and dark pools over the same Atrium Network infrastructure."
Clem Marsh, Head of Infrastructure, BATS Europe, added, "We are delighted that Atrium Network will be distributing our Multicast PITCH market data feed. BATS Europe is committed to Making Markets Better by offering our participants the best possible trading experience. Widening participants' access to our low latency multicast feed is an important step forward as our market continues to grow."