IPC Systems, a leading provider of trading communications solutions to the world's top financial services firms and global enterprises, today announced that it has extended its worldwide financial markets network infrastructure with low-latency access to Bats Europe, the second-largest European Multilateral Trading Facility (MTF).
IPC customers will have access to BATS Europe's sustained low-latency trading platform with the Gigabit Ethernet performance of IPC's Electronic Connectivity Services and the reliability of the company's dedicated global network.
BATS Europe, which offers trading in 15 European markets, has set monthly market share records in multiple indices for every month of 2010. In August 2010, BATS achieved its highest share of the overall European market with nearly 6.0 percent. BATS Europe offers an integrated book (for displayed orders and non-displayed large in scale orders), separate dark book and pan-European smart order routing (SOR) technology, which is the only service of its kind operated by an MTF that provides participants with access to multiple lit and dark market centres.
"We're pleased that IPC is connecting to BATS Europe, and we welcome their market participants to the growing pool of liquidity available on our integrated and dark order books," said Paul O'Donnell, Chief Operating Officer at BATS Europe. "At BATS Europe we're committed to Making Markets Better for market participants with increased efficiency and lower costs, so we're delighted when major global trading specialists such as IPC link to our venues and increase connectivity choice for our customers."
"Extending connectivity to BATS Europe is part of IPC's continued commitment to providing its customers with access to the world's key financial trading destinations," said Dave Brown, senior vice president, Global Network Operations, IPC. "As BATS Europe's market share increases, we want to provide our customers with dedicated high-speed access to what is now one of Europe's most significant venues. IPC is focused on providing its trading customers with guaranteed delivery, maximum throughput and the lowest latency available for carrier-class dedicated Ethernet services. IPC's Electronic Connectivity Services (ECS) will provide customers with the low latency connectivity they need to trade on BATS Europe."