July 13, 2010

Interxion, a European provider of carrier-neutral data center services, announced that it is offering low-latency access to BATS Europe, the fast-growing European Multilateral Trading Facility (MTF).

Access to the BATS Europe MTF, with extremely low round-trip latency, is available to Interxion participants located at its City of London data center. BATS Europe's system latency averages 350 microseconds, including matching engine latency of 250 microseconds and circuit latency of 100 microseconds.

BATS Europe, which was launched on the 31st of October 2008, is one of the leading MTFs, with market share of 8-10% in the FTSE 100, 7% of the SMI, and 5-6% across the 15 European markets in which it operates.

Low-latency connectivity to other London-based markets and Interxion's Financial Hub community of broker-dealers, clearing firms, market data vendors and specialist technology, connectivity and network service providers is also available from Interxion's City of London location.

Paul O'Donnell, COO of BATS Europe said: "We are pleased that Interxion is committed to working with us to bring access to BATS Europe to their customers. With a growing pool of liquidity on our integrated and dark order books, as well as our pan-European smart order routing service, available via Interxion, we encourage Interxion customers to subscribe to BATS Europe quickly to benefit from our high-performance, low-latency trading platform."

Interxion also provides a range of low-latency connectivity options to Europe's liquidity venues and value-added services from the growing community of financial services firms located in its data centers, the company said in a release.

Kevin Dean, chief marketing officer of Interxion, added: "This cooperation with BATS Europe is further evidence of Interxion's position as a leading provider of colocation and proximity hosting services to the financial services industry and strengthens our market position further. Interxion data centres offer market participants a broad choice of low-latency fibre routes to Europe's leading liquidity venues and a wide range of value-added services from one of the largest trading communities in Europe."

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in ...