Exchange operator BATS Global Markets announced the launch of a multicast feed that will give members latency statistics and allow them to monitor matching engine performance.
The move makes BATS the first exchange to offer a latency feed directly to its members. The feed, which will be available tomorrow for BATS BZX and BYX Exchange members, will be free until Oct. 1, BATS said. Pricing after that is still to be determined and will be subject to SEC approval, the company added.
"We look forward to also offering it to our European and U.S. options customers later this year," BATS Chief Operating Officer Chris Isaacson said in a statement.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio