Suite of Services
BATS Chi-X Europe (BATS) has a suite of Trade Reporting Services known as BXTR (BATS Chi-X Europe Trade Reporting). BATS includes its OTC market data at no extra cost in its existing market data feeds and is promoting standardisation of OTC data by introducing Market Model Typology (MMT).
The BXTR suite encompasses services that enable firms to fulfil a range of business and regulatory requirements including:
- On-exchange off-order book trade reporting with optional clearing services under the ETR services
- Off-Exchange (OTC) reporting services in accordance with the FCA's Trade Data Monitor (TDM) regime that covers all EU securities and Swiss securities under our partnership with BX Swiss which has authorised BATS as a Foreign Trade Data Monitor
- For MTFs, dissemination of MTF trades via BATS market data to meet post-trade reporting obligations under MiFID
- Pre-trade transparency quoting in accordance with the MiFID SI regime
The diagram below illustrates the suite of services on offer.