AboveNet Provides Financial Markets Access to BATS Europe and Chi-X Europe, the largest Pan-European Equities Trading Platform
(Thomson Reuters ONE) -
WHITE PLAINS, N.Y., and LONDON, 11th April, 2012 - AboveNet, Inc. (NYSE:ABVT), a
leading provider of high bandwidth connectivity solutions, today announced its
low latency fibre optic network will provide access to the BATS Europe and Chi-X
Europe trading platform.
BATS Europe and Chi-X Europe account for more than 20% market share of overall
European equities trading, making it the largest pan-European trading venue by
value traded.
By utilising AboveNet's high performance network, BATS Europe and Chi-X Europe
trading participants will benefit from connectivity to all key financial
districts in London via the shortest, secure paths.
"AboveNet has a well established expertise in providing the financial sector in
the U.S. and U.K with secure, fast, Ethernet networks," said Brett Johnson, vice
president, Business Development for AboveNet Europe. "We have the diverse
international routes in place, and we are looking forward to working with BATS
Europe and Chi-X Europe trading participants to meet their high-bandwidth
connectivity needs."
AboveNet is dedicated to delivering an industry-leading, efficient network
platform for the financial communities. Specifically, AboveNet FinanceNet
addresses this demand for connectivity between major financial districts,
reaching the key trading venues and financial exchanges. Services are delivered
over a secure, scalable fibre optic platform.
BATS and Chi-X Chief Operating Officer Paul O'Donnell commented, "In today's
financial markets ultra-low latency network performance is a prerequisite rather
than a competitive advantage. We aim to provide our trading participants with
connectivity choice and are pleased to include AboveNet as one of our
connectivity partners."
BATS Global Markets (BATS), a global operator of stock and options markets,
completed the acquisition of Chi-X Europe on 30th November 2011. The migration
of the Chi-X Europe trading platform to BATS technology is scheduled for
completion on 30th April 2012. More information about the BATS Chi-X Europe
technology integration is available at www.batstrading.co.uk/integration.
About AboveNet
AboveNet, Inc. is a leading provider of high bandwidth connectivity solutions
for businesses and carriers. Its private optical network delivers key network
and IP services in and between top U.S. and European markets. AboveNet's network
is widely used in demanding markets such as financial and legal services, media,
health care, retail and government. More information is available at
www.abovenet.co.uk
About BATS
BATS Global Markets (BATS) is a leading operator of stock and options markets
around the globe. BATS operates two stock exchanges in the U.S., the BATS BZX
Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS
Europe and Chi-X Europe, which operate FSA-authorized multilateral trading
facilities. BATS' innovative and proprietary technology was developed by a
dedicated core team of market and technology professionals, catering to the
needs of the broker-dealer and trading community. The company is headquartered
in the Kansas City, Mo., area with additional offices in New York and London.
For more information, visit www.batsglobalmarkets.com
Contact Information
Melissa Miller
AboveNet Public Relations UK
+44 (0)20 7220 3856
mmiller(at)above.net
Kristen Hyland
AboveNet Public Relations
914-993-1250
khyland(at)above.net
Kelly Bailey (London) or Stacie Fleming (Kansas City)
BATS Global Markets
+44 (0)20 7012 8950 or +1 913 815 7193
comms(at)batstrading.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AboveNet Inc via Thomson Reuters ONE
[HUG#1601348]
Unternehmensinformation / Kurzprofil:
Datum: 11.04.2012 - 09:01 Uhr
Sprache: Deutsch
News-ID 133718
Anzahl Zeichen: 4544
contact information:
Town:
White Plains, New York
Kategorie:
Business News
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