Exponential-e adds BATS to its financial belfry

Exponential-e  has added BATS Chi-X Europe – a pan-European equities trading venue by notional value – to its on-net financial data providers.

The agreement means that the technology provider will now be able to offer its 250 financial customers direct, ultra-low latency links into the trading platform, which accounts for around 25 percent of European equities traded.

The company also claims that its trading participants will be able to connect to the platform with sub-millisecond market reach and resiliency provided by Exponential-e’s 100GigE network.

Lee Wade, CEO at Exponential-e, said: “We’ve built a vast, high-performance network into the Financial Trading sector and the choice of sites we add to our footprint is determined by the needs of the finance industry.

“BATS Chi-X Europe’s participants now have the choice of connectivity over the UK’s first 100GigE network. This is another example of Exponential-e’s commitment to expanding its network based on the market’s needs,” he said.

Mark Hemsley, CEO, BATS Chi-X Europe, added: “We aim to provide our trading participants with connectivity choice and Exponential-e is a welcome addition to our menu of providers. We are pleased that their diverse customer base is well-positioned to connect to BATS Chi-X Europe and to seamlessly access our unique offering of pan-European markets for deep liquidity, product innovation, and efficient post-trade structure.”