BATS Exchange has made available its Multicast PITCH real-time depth of book data feed via TNS’ Secure Trading Extranet. Multicast PITCH allows BATS’ members and market data recipients to more easily redistribute the data within their own networks.
BATS claimed that the data feed provides up to a 50% reduction in latency with 20% fewer events than the Exchange’s PITCH feed, a point-to-point depth-of-book market data feed.
Chris Isaacson, chief operating officer of BATS Exchange, said:“We are pleased that more BATS users can now enjoy the benefits of taking the fast, efficient Multicast PITCH feed through TNS’ low latency extranet.”
Alex Walker, senior vice president and general manager of TNS’ Financial Services Division, said: “We are delighted to be providing financial market participants with fast, secure and reliable access to BATS new Multicast PITCH feed.
BATS boasts a strong portfolio of highly targeted services and our mission-critical low latency connectivity will play a key role in ensuring its clients can receive timely market data information. We expect to see a lot of interest in Multicast PITCH from the global financial community of interest connected to our Secure Trading Extranet.”