The service will be rolled out this year to provide independent insight into all BATS US-based markets, including the BATS Equities Exchanges (BZX Exchange and BYX Exchange) and BATS Options. The service will provide latency data measured by Correlix as a complementary service to BATSâ own latency monitoring service launched earlier this year.
âWe are excited to be part of Correlixâs RaceTeam latency measurement service as we believe this is a service that makes markets better by increasing transparency,â said Chris Isaacson, Chief Operating Officer at BATS Global Markets. âProviding the trading community with innovative latency tools such as this enables them to optimize their trading strategies and improve their execution.â
âWe are excited to have BATS join our RaceTeam service and enabling us to further extend our industry standard market coverage. RaceTeam clients will be presented with a consolidated latency view from all major US Equities markets,â said Shawn Melamed, Founder, President and CTO at Correlix.