The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Bats Europe Goes West to Equinix’s Community

So, Bats Europe has officially signed on to relocate its matching engines to Equinix’s LD4 facility in Slough, west of London.  If all goes well, it will be up and running at its new location in October, as a new member of the ‘community’ there.

Of course, if all goes very well, by then the UK regulators will be making favourable noises on its acquisition of Chi-X Europe, which is currently resident in LD4.  Bats and Chi-X just agreed to extend the terms of their acquisition agreement as a result of the decision by the regulators – in this case the UK’s Competition Commission – to review the deal.  That review could last until early December.

Bats set up shop in Europe in 2008 at the London Docklands data centre of Savvis, which also hosts the exchange in the US, at its Weehawken, NJ facility.

Observers have suggested that the community effect of operating from LD4 could have been a driver in Bats’ decision.  Other markets – for equities, fixed income and foreign exchange – are also hosted there, while some 250 market participants located at Equinix data centres in London, Frankfurt and Zurich will have ready access.

Bats is expected to maintain a high bandwidth link back to the Savvis facility for trading firms located there, and it’s also implemented a point-of-prescence at Interxion’s city data centre.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 1 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

Exegy and Vela Merge to Create Market Data and Execution Technology Powerhouse

Exegy, a provider of hardware accelerated solutions for market data and predictive analytics, and Vela, a market data and execution technology provider, have announced the merger of their business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over $7.5 billion of capital commitments under management. Commercial terms of the...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Entity Data Management & the LEI

Just over a year since the Financial Stability Board handed over leadership and direction of the interim Global Legal Entity Identifier System – or GLEIS – to the Regulatory Oversight Committee (ROC) of the LEI the entity identifier is being used for reporting under European Market Infrastructure Regulation. This report discusses recent developments in the...