IG Markets Adds BATS to Deliver Market Depth

by Michael Greenberg
IG Markets Adds BATS to Deliver Market Depth

IG Markets, the leading Contract for Difference (CFD) provider, has announced that its Smart Order Routing technology will now be extended to incorporate Liquidity from BATS Europe, the operator of an innovative and technology-leading European Multilateral Trading Facility (MTF).

We were the first company of our kind to start working with the MTFs last November, and by extending the markets our clients can access even further, better liquidity will result in more competitive pricing when they trade with IG Markets. Smart Order Routing searches out the best offered price for clients across multiple liquidity venues, something that has become increasingly significant as the traditional Execution venues, or primary exchanges, continue to see their market share eroded by the Multilateral Trading Facilities (MTFs). Covering in excess of 1000 European-listed equities, the technology also offers clients the alternative of free price and depth-of-market feeds on the respective stocks, where previously they may have had to pay to receive live exchange data.

Tim Howkins, Chief Executive of IG Group, commented:

’This is another innovation by IG Group to ensure we continue to build on our position as the worldwide market leader for CFD trading and financial spread betting. We were the first company of our kind to start working with the MTFs last November, and by extending the markets our clients can access even further, better liquidity will result in more competitive pricing when they trade with IG Markets.’

Read the rest here.

IG Markets, the leading Contract for Difference (CFD) provider, has announced that its Smart Order Routing technology will now be extended to incorporate Liquidity from BATS Europe, the operator of an innovative and technology-leading European Multilateral Trading Facility (MTF).

We were the first company of our kind to start working with the MTFs last November, and by extending the markets our clients can access even further, better liquidity will result in more competitive pricing when they trade with IG Markets. Smart Order Routing searches out the best offered price for clients across multiple liquidity venues, something that has become increasingly significant as the traditional Execution venues, or primary exchanges, continue to see their market share eroded by the Multilateral Trading Facilities (MTFs). Covering in excess of 1000 European-listed equities, the technology also offers clients the alternative of free price and depth-of-market feeds on the respective stocks, where previously they may have had to pay to receive live exchange data.

Tim Howkins, Chief Executive of IG Group, commented:

’This is another innovation by IG Group to ensure we continue to build on our position as the worldwide market leader for CFD trading and financial spread betting. We were the first company of our kind to start working with the MTFs last November, and by extending the markets our clients can access even further, better liquidity will result in more competitive pricing when they trade with IG Markets.’

Read the rest here.

About the Author: Michael Greenberg
Michael Greenberg
  • 1439 Articles
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About the Author: Michael Greenberg
  • 1439 Articles
  • 56 Followers

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