BATS Global Markets (BATS), a leading operator of exchanges and services for financial markets globally, reported the successful and complete migration of all of its U.S. markets to the Equinix NY5 data center in Secaucus, N.J., completing an 18-month process related to the acquisition of Direct Edge.
On Monday May 4th, the BZX and BYX Equity Exchanges were migrated to NY5 with customer participation at 100% and market share finishing the first two days at a strong 21.6% month-to-date vs 21.2% in April. Earlier this year, the EDGX and EDGA Exchanges moved to NY5 (January 12th), followed by BATS Options on April 13th. The Direct Edge acquisition was announced in August 2013 and closed in February 2014.
“With this successful migration completed, our customers can realize the benefits of having all five of the BATS U.S. equity and options markets in a single-data center with greater efficiencies and reduced infrastructure costs,” said Chris Isaacson, Executive Vice President and Global Chief Information Officer for BATS. “The seamless manner of these Exchange moves attests to the hard work of our team and our customers to ensure successful transitions with no disruption to investors or the market. We thank our members for their support as we continue to strive to make markets better.”
On Monday, the BZX and BYX Exchanges handled 1.153 billion messages with zero operational downtime. Average latency was 86 microseconds on BZX and 80 microseconds on BYX, representing a decrease from Friday May 1st of 46% and 12%, respectively.
BATS also plans to move the recently acquired Hotspot FX market to NY5 later this year. Further details of that move will be made available to members and other industry participants in the coming months.