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BATS Chi-X Europe, the largest pan-European equities market operator by market share and notional value traded1, today announced the availability of BATS Chi-X Europe market data for use in real-time index calculations.
The licence allows BATS Chi-X Europe’s trade data to be used exclusively, or combined with data from other trading venues for consolidated prices, for the purposes of valuing indices in real time.
In the past 12 months, BATS Chi-X Europe’s daily market share of notional value traded has averaged 24.8% on a pan-European basis, 35.4% of the FTSE 100 and more than 27% of the EURO STOXX 50 Index.
“We are expanding our market data offering in this way to provide a high quality and cost effective alternative to the incumbent exchange offerings,” said Mark Hemsley, chief executive officer of BATS Chi-X Europe. “The BATS Chi-X Europe data is an accepted price source that customers consider part and parcel of the market. Customers are conscious that exchange index calculations, particularly intraday, do not fully reflect the market reality because many do not yet include our prices.”
“Our aim is to ensure that those wishing to value European indices in a manner that best reflects the market can achieve this,” he said.
Interested parties should contact their BATS Chi-X Europe account manager or the BATS Chi-X Europe market data team at marketdataeu@batstrading.com for additional information.
1Based on BATS Global Markets European market share data from October 2011-September 2012.
