BATS CHI-X Europe Prepares Real-Time Trade Data to Value Indices

by Adil Siddiqui
BATS CHI-X Europe Prepares Real-Time Trade Data to Value Indices

BATS Chi-X Europe, the largest pan-European Equities market operator by market share and notional value traded, announced the availability of BATS Chi-X Europe market data for use in real-time index calculations.

The licence allows BATS Chi-X Europe’s trade data to be used exclusively, or combined with data from other trading venues for consolidated prices, for the purposes of valuing indices in real time.

In the past 12 months, BATS Chi-X Europe’s daily market share of notional value traded has averaged 24.8% on a pan-European basis, 35.4% of the FTSE 100 and more than 27% of the EURO STOXX 50 Index.

“We are expanding our market data offering in this way to provide a high quality and cost effective alternative to the incumbent Exchange offerings,” said Mark Hemsley, chief executive officer of BATS ChiX Europe. “The BATS Chi-X Europe data is an accepted price source that customers consider part and parcel of the market. Customers are conscious that exchange index calculations, particularly intraday, do not fully reflect the market reality because many do not yet include our prices.”

“Our aim is to ensure that those wishing to value European indices in a manner that best reflects the market can achieve this,” he said.

BATS Chi-X Europe, the largest pan-European Equities market operator by market share and notional value traded, announced the availability of BATS Chi-X Europe market data for use in real-time index calculations.

The licence allows BATS Chi-X Europe’s trade data to be used exclusively, or combined with data from other trading venues for consolidated prices, for the purposes of valuing indices in real time.

In the past 12 months, BATS Chi-X Europe’s daily market share of notional value traded has averaged 24.8% on a pan-European basis, 35.4% of the FTSE 100 and more than 27% of the EURO STOXX 50 Index.

“We are expanding our market data offering in this way to provide a high quality and cost effective alternative to the incumbent Exchange offerings,” said Mark Hemsley, chief executive officer of BATS ChiX Europe. “The BATS Chi-X Europe data is an accepted price source that customers consider part and parcel of the market. Customers are conscious that exchange index calculations, particularly intraday, do not fully reflect the market reality because many do not yet include our prices.”

“Our aim is to ensure that those wishing to value European indices in a manner that best reflects the market can achieve this,” he said.

About the Author: Adil Siddiqui
Adil Siddiqui
  • 1625 Articles
About the Author: Adil Siddiqui
  • 1625 Articles

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