Become a Participant of BATS Chi-X Europe
BATS Chi-X Europe's diverse group of trading Participants continues to grow. Qualification and subscription details are below.
Your firm must be either an EEA regulated investment firm or credit institution.
Firms that are not EEA regulated may also be eligible to become a Participant, and should contact Participant Services to find out if they are able to qualify. Note: The steps set out below can be completed separately or in parallel.
Complete and sign the following two documents and e-mail them to Participant Services:
- Participant Agreement - terms and conditions for the legal contract between BATS Chi-X Europe and the applicant firm.
- Participant Application Form - this form is used to obtain general information about the applicant firm.
You should also review the Rule Book and the Participant Manual, which set out policies, procedures and technology used by BATS Chi-X Europe, and the UK SDRT Intermediaries Relief Form if you intend to trade UK stocks. For more information on Step #1, please contact Participant Services.
Firms can choose to receive Market Data directly from BATS Chi-X Europe or via a third party vendor. For more information about the use of BATS Chi-X Europe’s market data please review the following documents:
If you would like to receive or distribute Market Data directly from BATS Chi-X Europe, please review and complete the following documents:
Firms who wish to receive Market Data via a vendor will need to sign an agreement with their chosen vendor and should also review the BATS Chi-X Europe Market Data Policy.
For more information on Step #2, please contact the Market Data team.
Firms can connect to BATS Chi-X Europe directly or via a service provider. To learn about connectivity to BATS Chi-X Europe, click the documents below.
- Connectivity Manual - network connectivity options
- Connectivity, Service Bureaus and Other Access Services Terms and Conditions - physical network terms
- Connectivity, Service Bureaus and Other Access Services Order Form - physical network pricing
- FIX Specification - orders using FIX format
- Market Data Specifications - BATS Chi-X Europe market data feeds
If your firm trades via a hosted Service Provider solution, contact your representative and ask them to add BATS Chi-X Europe as a destination to your firm's account. You can view a list of Service Providers that have established relationships with BATS Chi-X Europe. For more information on Step #3, please contact the BATS Chi-X Europe Trade Desk.
Your firm will need to have appropriate clearing arrangements in place with a central counterparty.
Review the Trade Clearing Process flyer for more information on interoperable clearing available at BATS Chi-X Europe.
After your firm's connection to BATS Chi-X Europe has been established and the documentation is in place, you'll make your first trade to verify the clearing process. Then you're ready to enjoy the low-cost, high-speed trading that BATS Chi-X Europe provides.
For more information on Step #4, please contact: