(1888PressRelease)
October 08, 2009 - AboveNet’s high performance network provides customers with fast connectivity to BATS Europe’s ultra-low latency platform, ensuring high speed access for London’s demanding broker-dealer and trading community.
Many of London’s largest financial institutions already use AboveNet’s high bandwidth fibre optic network, and the company offers a considerable high performance footprint – extending from Basildon and Docklands in the East, through the City and West End, and out to Slough and Heathrow in the West.
Because AboveNet links all of London’s major financial districts – including offering over 300 direct connections to key financial services sites within London – the company’s fibre network is ideally placed to drive increased connectivity for BATS Europe’s expanding London-based MTF operations. Only 10 months after launching, BATS Europe is trading 4% to 8% of major European indices and on the 15th of September recorded a one-day market share record of 8.68% in the FTSE 100.
“At BATS we’re focused on ‘Making Markets Better,’ and linking to our low-cost, high speed platform via AboveNet’s private fibre optic service, which provides an increasingly attractive option for BATS Europe participants who demand fast connections,” commented Paul O’Donnell, Chief Operating Officer of BATS Europe. “We are pleased to work with AboveNet to provide the constant, duplicated live feeds that our customers need”
John Donaldson, Managing Director at AboveNet, commented, “For BATS Europe it’s essential to enhance accessibility to its MTF operation, so we’re delighted that so many of our established fibre customers use our high-bandwidth network to connect with BATS in sub to millisecond timeframes. Our track record of over ten years connecting London’s financial services community means that we’re increasingly seen by it as the de facto standard for ultra-low latency connectivity, and we look forward to supporting even more BATS Europe participants over the coming months.”
With direct connections into significant numbers of key financial services buildings across the capital, AboveNet offers unrivalled connectivity to over 30 major data centre and co-location facilities, as well as leading Exchanges, MTFs, brokers and investment houses. AboveNet is continuing to invest in the future of its network, extending its infrastructure to reach new financial services centres such as Basildon, and providing its customers with the fastest direct routes between key London financial locations.
About AboveNet, Inc.
AboveNet, Inc. provides high bandwidth connectivity solutions for business and carriers. Its private optical network delivers key network and IP services in and among 15 top U.S. metro markets and London. AboveNet's network is widely used in demanding markets such as financial services, media, health care, retail and government.
For more information
PR/Marketing:
Fiona Burke: Tel: 020 7220 3866 or e-mail: fiona.burke ( @ ) above dot net
About BATS
BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc. is one of the fastest growing, top tier equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities. The BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS … Making Markets Better.
MEDIA/ANALYSTS and TO TRADE ON BATS EXCHANGE: Randy Williams +1.212.378.8522 or
+1.816.516.2179
rwilliams ( @ ) batstrading dot com
TO CONNECT IN EUROPE: Alex Dalley +44.207.012.8920 adalley ( @ ) batstrading dot com
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