QuantHouse, the provider of low latency trading solutions, announced that BATS Europe, the fast-growing pan-European multilateral trading facility, has selected QuantHouse to supply real-time feeds of market data from other European trading venues.
BATS Europe uses the data from primary listing markets and other MTFs to support its trading operations and specific order types on its marketplace, as an input for market analytics, and to support its recently launched smart order routing service.
QuantHouse is a provider of end-to-end advanced trading solutions including low latency market data technologies, an alpha generation development framework and infrastructure trading services for systematic trading firms who want to move ahead.
BATS Europe executes more than 8%of the FTSE 100, 5-6% of the FTSE 250 and FTSE MIB, 4-5% of the CAC 40 and DAX, and 5% of the European market overall after launching only 16 months ago.
Adding to existing agreements, this contract further demonstrates QuantHouse’s strength in serving MTFs and low latency sensitive trading firms, says Pierre-Franois Filet, CEO & co-Founder of QuantHouse. We’re extremely pleased to have BATS on board as a client, particularly because performance and data quality is something that is so essential to them”.
Demand for BATS Europe market data has been driven by the addition of new users, our new smart order-routing service and our continued record trading volumes, says Paul ODonnell, COO of BATS Europe. We are pleased to provide a dual-live system with a superior quality of service to our participants by leveraging market data software technologies developed by QuantHouse.
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