Bats Global Markets has extended the use of its Bats One Feed to Money.Net, a NY-based financial data technology company and data vendor, supporting the use across all four of Bats’ U.S equities exchanges, according to a Bats statement.
Bats One Feed is a comprehensive market data product that helps foster quote and trade information for a wide scope of market participants. As such, the feed provides market data across Bats’ BZX, BYX, EDGA, and EDGX via one license. The availability of the feed will be instrumental for Money.Net’s clients, who gained access to it last week on its financial terminal.
Despite the assimilation of the feed capabilities, Money.Net customers will retain the versatility of choosing between Bats data or a full suite of US equity price feeds from all non-Bats trading venues, which will involve the propensity of additional small monthly exchange fees. Consequently, Money.Net’s clients will see widely expanded access to market data, which in the case of Bats has proven to be amongst the largest in the US.
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More specifically, Bats offers two versions of its Bats One Feed, i.e. the Bats One Summary Feed and Bats One Premium Feed. Each of these feeds offers a different selection of utilities, including aggregated quotes (Best Bid and Offer) and trades (Last Sale), however the Bats One Premium feed also provides depth information (5 levels), including size, across its BZX, BYX, EDGA, and EDGX exchanges.
According to Bryan Harkins, Executive Vice President and Head of U.S. Markets at Bats, in a recent statement on the provision: “As one of the fastest-growing market data service providers, Money.Net’s low-cost approach to providing accurate, real-time market data has really resonated with investors and traders and we’re excited to partner with them.”
“The addition of the Bats One Feed to Money.Net allows us to provide our customers with a market data solution that provides a comprehensive view of the market in a cost-effective manner, which is important to many of our clients,” added Morgan Downey, CEO of Money.Net, in an accompanying statement.
Bats recently made headlines earlier this month after it disclosed its volumes for February 2015 – the exchange network showed a strong retention of its market share across both the US and Europe.