Feature Spotlights
New Feature
Pan-European Smart Order Routing
Access price improvement opportunities from 16 exchanges and MTFs along with Liquidity Partners.
Order Books
Integrated Order Book
Advanced visible and non-displayed order types with aggressive maker-taker pricing and price-time priority.
BATS Europe Dark Pool
Separate, non-displayed midpoint order book with anti-gaming features and low cost trading.
Order Types
After Hours Trading
Lower cost alternative for traders seeking executions at the primary exchange's closing price.
Partial Post Only @ Limit Order
Enhanced liquidity adding with controlled liquidity removal.
Pegging & Minimum Quantity
Hidden pegging with midpoint and minimum quantity designation.
System Features
Latency
Orders now acknowledged or executed in 246 microseconds on average.
Real-Time Ports Dashboard
View detailed information about port utilization and to cancel open orders at the port level.
Participant Trade Prevention
Avoid unintentional trading with your own firm.
Sponsored Access
Manage risk while allowing the Sponsored Participant access to BATS Europe's liquidity.
Market Data
Multicast PITCH
Low latency, real-time depth of book and trade information with reduced PITCH events.
FAST PITCH
Compressed market data feed with a compression up to 73% of the PITCH data stream.