BATS Trading has selected Yipes Enterprise Services to provide Ethernet connectivity services to the BATS Electronics Communications Network (ECN), an electronic trading platform for anonymous matching of U.S. equity securities.
“We are pleased to offer the Yipes Ethernet network as an option to our clients,” says BATS CEO Dave Cummings. “Low latency levels are critical for any connectivity into our network, as is an understanding of the service demands of high-speed algorithmic trading. With markets moving faster and faster, our clients expect trade executions that can keep pace effectively and consistently.”
“BATS Trading is an outstanding example of how electronic trading is sparking innovation in the financial community,” says John Panzica, Yipes general manager, financial services. “The Yipes Ethernet network delivers the high speeds, high reliability, and low latency levels vital to an ECN such as BATS at a lower total cost of ownership than legacy network alternatives. Our goal is to improve trade execution and increase order fulfillment.”