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: Modernising Equities Trading Infrastructure: Architecture, Resilience and the Economics of Change

Equities markets are entering a more distributed, always-on phase. Liquidity is fragmenting across venues and geographies, trading hours are extending toward 24/5 and beyond, and market data volumes, investor expectations and competitive pressure are all rising at once. Many of the platforms that still underpin the equities industry were built for a different era –...

BLOG

The New Economics of Equities Trading Infrastructure

How modular architecture, 24/5 trading, and the rising cost of change are reshaping equities infrastructure By Ian Salmon, Head of Accelerator Program, Adaptive. Equities trading infrastructure has traditionally been judged against a familiar set of measures: latency, throughput, reliability and the ability to remain stable during periods of intense market activity. Those requirements remain fundamental....

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

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...