BATS Exchange, an innovative and technology leading U.S. securities exchange, announces the release of enhanced sponsored access risk management tools, available immediately.
The new real-time tools enable sponsoring members to more effectively control sponsored participant trading activity. The tools offer the ability to block or cancel orders, limit or restrict order sizes, and manage easy-to-borrow and restricted stock lists.
Sponsoring members still have access to the powerful risk management capabilities available in the previous version, such as the ability to monitor sponsored participant trading activity via BATS’ DROP market data feed.“BATS Exchange supports efforts to strengthen and harmonize overall risk controls in the industry, including those related to sponsored access,” said Chris Isaacson, Chief Operating Officer of BATS Exchange. “We are pleased to unveil new tools that we believe meet the need for high-quality risk management.
“We also continue making markets better by providing ultra low latency sponsored access to market participants as an entry point to the deep pool of liquidity on the BATS book,” he said.
The complete sponsored access specification, including the new risk management tools, is available at: . http://www.batstrading.com/resources/membership/BATS_Ex_Sponsored_Access_Specification.pdf .