About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Bats Europe Goes West to Equinix’s Community

Subscribe to our newsletter

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.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

LDA Technologies Launches NeoTap X and Neo X Timestamping and Tap Aggregation Solutions

LDA Technologies, the provider of ultra-low latency networking and FPGA technology, has introduced NeoTap X, a high-performance timestamping and tap aggregation solution designed to address the increasing data and compliance demands of capital markets. The new product is built on LDA’s Neo X FPGA platform, offering enhanced processing power and optimised resource efficiency for low-latency...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Best Practice Client Onboarding

Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.