Tag: BATS Global Markets

BATS Announces London-based Hotspot

Since completing its acquisition of Hotspot institutional foreign-exchange (FX) market earlier this month, BATS Global Markets officials have not let the grass grow under their feet. The global exchange operator plans to deploy an instance of its Hotspot matching engine in its Slough facilities later this year. “We plan to move swiftly with this project…

BATS Market Structure Reform: The Devil Take the Hindmost

The industry might have rung out 2014 discussing the “grand compromise” on the US equity market structure led by the Intercontinental Exchange that would lower access fees in exchange for a trade-at rule, but BATS Global Trading wasted no time in the new to offers its market-structure alternative. In an open letter to the industry, exchange CEO…

Bats Global Markets & Direct Edge: A Brazilian Love Story?

It has been a couple of crazy weeks. I am not referring to geo-political issues, but the markets. Goldman Sachs wrested the title of “Most Embarrassing Algo Screw Up” away from Knight Capital and an exchange-connectivity issues halted Nasdaq-listed trading for close to three hours. Either incident could keep a financial-technology writer busy for a while. However, when…

Direct Edge Announces Retail Pilot

Pending approval by the US Securities and Exchange Commission (SEC), all four leading US cash equities exchanges will segment retail order soon as Direct Edge plans to launch a retail order designation pilot for its EDGX exchange sometime in December, according to exchange officials. The new designation lets those submitting retail order use a yet-unreleased rate…