09:55 AM
Nomura First Broker to Offered Sponsored Access to BATS Europe
Nomura will now be providing clients with direct access to the BATS Europe Multilateral Trading Facility (MTF).
Through the sponsored access agreement, clients are provided with risk management features such as the ability to set constraints on orders for pre-trade protection and to receive real-time information on clients order and trade activity on BATS.
In a statement, Paul O’Donnell, COO of BATS Europe, said, “We are delighted that Nomura has connected to BATS Europe as our first sponsored access broker and we look forward to earning order flow from their clients.”
He added, “Sponsored access is in high demand and we will continue to aggressively connect key market players to BATS Europe’s growing pool of liquidity.”
Jeff Zorek, Global Co-Head of Prime Product Management at Nomura, said, “We are proud to be the first broker to offer sponsored access to our clients via BATS Europe. This initiative is part of Nomura’s strategy of providing our clients with ultra low latency access to all major pools of liquidity in a technically intelligent manner.”