AboveNet provides ultra-low latency to BATS Europe participants

London - 8 October 2009

AboveNet Communications UK Ltd., a leading provider of ultra-low latency, high-bandwidth fibre optic connectivity solutions to London's financial services sector, has announced that a growing number of its customers are now using the company's dedicated fibre solution to connect with BATS Europe's pan-European equity Multilateral Trading Facility (MTF). 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 Docklands and Basildon in the East, through the City and West End, and out to Heathrow and Slough 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 percent to 8 percent of major European indices and on the 15th of September recorded a one-day market share record of 8.68 percent 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."

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