Sponsoring participants receive real-time information of their clients’ order and trade activity on the BATS Europe Multilateral Trading Facility (MTF)
BATS Europe, a wholly-owned subsidiary of BATS Global Markets, has announced that Nomura, a Japan-based investment bank, has been providing its clients with direct access to the BATS Europe platform.
Reportedly, with its sponsored access service, BATS Europe provides sponsoring participants, such as Nomura with risk management features, including the ability to set various constraints on orders for pre-trade protection and to receive real-time information of their clients’ order and trade activity on the BATS Europe Multilateral Trading Facility (MTF). The sponsored access connectivity is available via proximity hosting with BATS Europe’s systems or via remote access.
Paul O’Donnell, COO of BATS Europe, said: “We are delighted that Nomura has connected to BATS Europe as our first sponsored access broker and we look forward to earning order flow from their clients. Sponsored access is in high demand and we will continue to aggressively connect key market players to BATS Europe’s growing pool of liquidity. As BATS Europe’s one-year anniversary approaches, we remain committed to making markets better with our world-class, low latency platform that meets the needs of a diverse participant base.”