Lava Trading delivers DMA to BATS ECN
15 June 2006 | 2596 views | 0
Source: Lava Trading
BATS Trading, Inc., and Lava Trading Inc., today announced that Lava will provide direct market access to the BATS ECN.
BATS is a leading technology firm that develops and operates a high volume, electronic trading platform for anonymous matching of US equity securities. Lava is a leading developer of high-performance trading solutions for the financial services industry.
With direct access to the BATS pool of liquidity, Lava clients can match trades in select NASDAQ National Market, NASDAQ Capital Market and AMEX securities. Connectivity to BATS is available through Lava's suite of fast, reliable and intelligent equities trading solutions, including ColorPalette, Lava ColorBook, Lava Trading Floor and LavaX.
"We are excited to be an order destination on Lava, a recognized leader in direct market access," said David Cummings, Chairman and CEO, BATS Trading, Inc. "Lava is the platform of choice for a large number of broker dealers, many of whom have requested that we connect to the Lava system. With Lava's extensive network and large subscriber base, we are confident we will reach many additional customers."
"We are pleased to team with BATS and provide Lava's clients with another significant source of liquidity," said Richard Korhammer, CEO, Lava Trading Inc. "With a large percentage of volume being traded away from the primary market, it is important that traders have fast, reliable access to all major liquidity pools. This partnership with BATS is in keeping with our commitment to provide a complete trading solution for an ever-changing marketplace."