BATS Chi-X Europe trading platform connects to Exponential-e

UK-based technology provider Expontential-e has announced that it has added BATS Chi-X Europe, the largest pan-European equities trading venue, to its on-net financial data providers.

The connectivity option will give over 250 finance organisations currently served by Exponential-e direct access into BATS Chi-X Europe, which accounts for 25 percent of European equities traded.

“We aim to provide our trading participants with connectivity choice and Exponential-e is a welcome addition to our menu of providers,” said Mark Hemsley, CEO of BATS Chi-X Europe.

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“We are pleased that their diverse customer base is well positioned to connect to BATS Chi-X Europe and to seamlessly access our unique offering of pan-European markets for deep liquidity, product innovation, and efficient post-trade structure.”

Exponential-e claims that trading participants will be able to connect to the platform with sub-millisecond market reach, provided by its 100GigE network.

Late last year, BATS Chi-X suffered a serious hardware component failure, which knocked out operations on its Linux-based matching engine for an entire day.