Colt Telecom has connected over a dozen trading firms to Bats
since the multilateral trading facility (MTF), was launched in the
UK.
Colt offers high-speed Ethernet connections to share trading
venues to enable traders to reduce the time it takes to complete
trades, which is an advantage.
Bats, which was launched in October, is one of the new breed of
trading venues which have arrived in Europe since the introduction
of the
Markets in Financial instruments Directive (MiFID).
Bats claims to be able to process trades in under a millisecond.
This compares to the London Stock Exchanges three millisecond
capability.
The high-speed connection from outside will enable traders to
take advantage of this speed.
According to a survey carried out by Colt Telecom, 90% of IT
professionals in the finance sector expect to invest in cutting the
time to complete a trade.
"As we continue to grow, we will remain aggressive in our push
to connect to key players in Europe, following our mission of
Making Markets Better," said BATS Europe CEO Mark Hemsley.
Colt also connects to Bats competitor Turquoise.
