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

The Matching Engine Was Never the Hard Part: What 24/7 Really Demands of Exchange Architecture

The framing has become familiar. Digital asset exchanges, prediction markets and retail-driven platforms have normalised continuous trading. Traditional venues, with their nightly batch cycles and weekly maintenance windows, are now playing catch-up as they extend hours, tokenise assets and reach for new distribution models. The conventional answer is to point at the matching engine and...

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

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...