BATS Europe today announced the availabilityof the BATS Real-time Latency Monitoring Service to BATS Europe participants with direct FIX portconnectivity, effective immediately.
The proprietary BATS Real-time Latency Monitoring Service, first launched in the U.S. in February2011, provides order latency tracking in real-time via a dashboard on the BATS Europe website, thusallowing users to analyse their own order latency and address issues immediately.
BATS Europe also announces a reduction of order latency for participants utilising FIX and 10-gigabit(10G) connectivity to 138 microseconds on average. For participants utilising FIX and 1-gigabit (1G)connectivity, BATS Europe has reduced order latency to 165 microseconds on average.
“BATS has long set a standard of transparently publishing our overall system latency data in the U.S.and Europe and our new monitoring service gives BATS Europe participants unprecedented accessto their own latency performance,” said Paul O’Donnell, chief operating officer of BATS Europe.
“We are pleased to deliver some of the lowest latency figures in the industry with reliability andconsistency, under heavy volume load, which distinguishes BATS Europe as a technology leaderamongst Europe’s equities markets,” he said.
Developed in-house by the BATS technology team, the monitoring service does not requireparticipants to purchase additional hardware or use third-party applications. Participants with directFIX ports can easily access the BATS Real-time Latency Monitoring Service from the BATS Europewebsite via their BATS Ports Dashboard account.
The BATS Ports Dashboard provides members with information about their port settings and statisticsfor 1G and 10G physical port connections.
A complete set of updated BATS Europe system performance statistics is available at: http://www.batstrading.co.uk/resources/participant_resources/BATSEuro_Latency.pdf.