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BATS ECN, Mixit OMS Connect.


KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. & NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- BATS Trading, Inc. and Mixit, Inc. announced Tuesday that Mixit has connected to the fast-growing BATS ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. .

Mixit offers order and execution management, client FIX connectivity, and electronic access to markets. The company also provides end-to-end trade support, including all clearing, compliance, and regulatory reporting.

"We're excited to announce this link with Mixit, and we look forward to working with their customers to provide direct access to BATS' pools of liquidity," said Ken Conklin, BATS vice president in charge of sales.

"Mixit is committed to providing our clients with unfettered access to liquidity and the latest technology to grow their business. Connecting to BATS achieves both objectives," said Antonio Panos, global head of sales at Mixit. "We think BATS provides an aggressive alternative in a highly competitive landscape, and one that will ultimately benefit our customers."

The BATS ECN, an electronic trading This article or section is in need of attention from an expert on the subject.
Please help recruit one or [ improve this article] yourself. See the talk page for details.
 platform for anonymous matching Anonymous matching is a matchmaking method facilitated by computer databases, in which each user confidentially selects people they are interested in dating and the computer identifies and reports matches to pairs of users who share a mutual attraction.  of U.S. equity securities, offers trading in U.S.-listed securities. BATS averaged daily volume of 265 million shares in the first quarter of 2007, touching more than 11% of Nasdaq-listed volume.

About BATS Trading

BATS Trading, Inc., Kansas City, Mo., launched its trading platform in January 2006 in response to rapid consolidation in the exchange space. The BATS ECN is designed to handle high-speed, high-volume, anonymous, reliable, algorithmic trading Algorithmic Trading

A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of
. Investors in BATS include Credit Suisse, Getco LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, Lehman Brothers, Lime Brokerage LLC, Merrill Lynch & Co., Morgan Stanley, and Wedbush Inc. For more information, contact Randy Williams or visit www.batstrading.com.

About Mixit

Mixit is the leading independent provider of advanced trading technology and FIX connectivity services to the financial industry. Our integrated suite of products allows your firm to trade and communicate with clients efficiently and in the most anonymous manner. Our expertise, advanced technology, neutrality, and commitment to the highest level of service provide the foundation for our customers to prosper. For more information contact us at sales@mixitusa.com.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 15, 2007
Words:325
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