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

A-Team Insight Blogs

Bats Sets Chi-X Europe Migration Sched; Taps Savvis Chicago for U.S. Backup

Subscribe to our newsletter

Bats Europe has set an end of April go-live date for migration of Chi-X Europe’s trading system, running on Bats technology at Equinix, near London. Separately, Bats Global Markets in the U.S. says it will house its backup trading systems at a Savvis data centre in downtown Chicago.

Following the completed acquisition of Chi-X Europe by Bats in December 2011, a plan was put in place to house the co-located markets at Equinix’s LD4 Slough data centre, where Chi-X was already located, but to transition the Chi-X order books to Bats technology. Bats previously ran out of a Savvis data centre in London’s docklands, but the Equinix facility was deemed a better location due to the community of trading markets and firms located there.

That transition is now underway, and migration guides, technology specs and pricing have been published. The Chi-X production environment should be ready for testing at the end of February, with dress rehearsals planned for March 24 and April 21 ahead of go live on April 30. Along the way, Bats will go live with its secondary data centre at Equinix LD3 in Park Royal, which will be a backup to both Bats and Chi-X markets.

Across the pond, Bats is extending its occupation of Savvis data centres, with its plans to locate its backup operations at Savvis CH4 in Chicago, located at the massive 350 East Cermak Road facility, popular with many trading firms. Bats already has its primary operations at Savvis NJ2 in Weehawken, NJ for its BZX and BYX equities and its Bats Options markets.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining infrastructure can take months and absorb significant budget before a single model is tested. At the...

BLOG

Rothera Leverages Adaptive Exchange Accelerator to Build Regulated Event Contract Venue

Rothera, the CFTC-regulated event contracts exchange and clearinghouse founded as a joint venture between Robinhood and Susquehanna International Group, has launched its trading and clearing platform on Adaptive’s Aeron Exchange Accelerator technology, going live in under five months, in time for the 2026 World Cup. The platform reports $3 billion contracts traded during its first...

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...