BATS Targets November to Move Hotspot’s US Matching Engine to NY5
- After announcing a successful launch of its London matching engine, the company is focusing on improving its U.S. infrastructure
After successfully launching its Hotspot FX matching engine in London last week, BATS Global Markets has set its sights across the Atlantic for another upgrade to its services. On the 9th of November the firm is set to migrate its New York matching engine to the Equinix NY5 data centre in Secaucus, New Jersey.
The new facility to which Hotspot will be relocating from its current site in Jersey City, New Jersey, is already home to a number of financial institutions. The move will result in better connectivity for a number of New York based financial institutions who are using the Equinix NY5 as their main data centre.
Meanwhile the company has already announced that after the launch of the new London matching engine last week, the single count trading volume transacted through it totaled $1.2bn. The company has already committed to provide its clients with free access to the venue until the end of 2015.
Commenting on the launch, the CEO of BATS Global Markets, Chris Concannon said, “we plan to permanently change the landscape of the FX market. We are only at the start of this campaign, and customers are already responding very well.”
The project was announced in March this year, after the acquisition of Hotspot by BATS Global Markets.
“That we can launch an entirely new venue in such a short timeframe speaks to the incredible strength of our global technology team under Chris Isaacson, our global CIO. His teams continue to set the bar for operational excellence and efficiency in all the markets we touch,” Mr Concannon explained.
BATS cooperation with Equinix
The move is not a big surprise, since BATS has endorsed the services of Equinix in the past when it moved its Direct Edge Exchanges, EDGA and EDGX to the Equinix NY5 data centre in January this year. Subsequently, the company has also made a move with relocating the BATS BZX and BYX Exchanges, and BATS Options.
Equinix is already delivering its services to a number of Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term and Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term companies, exchanges and trading platforms.
After successfully launching its Hotspot FX matching engine in London last week, BATS Global Markets has set its sights across the Atlantic for another upgrade to its services. On the 9th of November the firm is set to migrate its New York matching engine to the Equinix NY5 data centre in Secaucus, New Jersey.
The new facility to which Hotspot will be relocating from its current site in Jersey City, New Jersey, is already home to a number of financial institutions. The move will result in better connectivity for a number of New York based financial institutions who are using the Equinix NY5 as their main data centre.
Meanwhile the company has already announced that after the launch of the new London matching engine last week, the single count trading volume transacted through it totaled $1.2bn. The company has already committed to provide its clients with free access to the venue until the end of 2015.
Commenting on the launch, the CEO of BATS Global Markets, Chris Concannon said, “we plan to permanently change the landscape of the FX market. We are only at the start of this campaign, and customers are already responding very well.”
The project was announced in March this year, after the acquisition of Hotspot by BATS Global Markets.
“That we can launch an entirely new venue in such a short timeframe speaks to the incredible strength of our global technology team under Chris Isaacson, our global CIO. His teams continue to set the bar for operational excellence and efficiency in all the markets we touch,” Mr Concannon explained.
BATS cooperation with Equinix
The move is not a big surprise, since BATS has endorsed the services of Equinix in the past when it moved its Direct Edge Exchanges, EDGA and EDGX to the Equinix NY5 data centre in January this year. Subsequently, the company has also made a move with relocating the BATS BZX and BYX Exchanges, and BATS Options.
Equinix is already delivering its services to a number of Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term and Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term companies, exchanges and trading platforms.