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 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: How to move to a modern, component based trading architecture using a Buy AND Build approach

To remain competitive in today’s electronic markets, firms need trading architectures that support rapid innovation, effortless integration of new capabilities, and the agility to respond to shifting market demands. This is prompting technology leaders to move beyond the traditional “Buy vs. Build” debate, a false dichotomy that oversimplifies the choice between generic, off-the-shelf platforms and...

BLOG

Exchange Technology 2.0: Future-Proofing Exchange Architecture

By Ian Salmon, Head of Product Marketing, Adaptive. Exchange technology is back under strategic review, but not in the narrow sense of another performance upgrade cycle. Across the market, venue operators are reassessing the foundations of their platforms because the environment around them is becoming more demanding, more diverse and less predictable. For some, that...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

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...