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BATS ECN Now a Destination on RedSky.


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. & CHICAGO -- BATS Trading, Inc. and RedSky Financial LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 announced that the BATS ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples.  has been added to RedSky's direct market access offering as its newest market destination.

RedSky's proprietary direct market access technology enables traders to electronically receive prices from multiple sources and route orders to leading market destinations, while meeting best execution requirements and managing risk. 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, reported record daily volume of more than 330 million shares January 31. BATS has accounted for more than 13% of Nasdaq-listed volume for each of the past eight trading sessions.

"BATS is excited about this partnership with RedSky," said BATS Chief Executive Officer Dave Cummings. "We look forward to earning the business of RedSky users, many of whom rely upon the 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
 that the BATS platform was designed to handle."

"The addition of BATS and its deep pools of liquidity to our suite of multi-asset class trading venues offers another important strategic tool to our active clients," said Bob Fitzsimmons, Chief Executive Officer of RedSky. "At RedSky, we believe that our vision of providing users with the best access to the market for latency-sensitive traders meshes well with the way BATS does business."

About BATS Trading

BATS Trading Inc., Kansas City, Mo., was founded in June 2005 in response to rapid consolidation in the exchange space. The BATS ECN is designed to handle high-speed, high-volume, anonymous, reliable, algorithmic trading. Investors in BATS include Credit Suisse, Getco LLC, Lehman Brothers, Lime Brokerage LLC, Morgan Stanley and Wedbush Inc. For more information, contact Randy Williams or visit www.batstrading.com.

About RedSky Financial

Founded in 2000, Chicago-based RedSky Financial is a broker-dealer and FCM FCM

See: Futures commission merchant


FCM

See futures commission merchant (FCM).
 specializing in electronic trading within multiple asset classes. RedSky provides professional traders, hedge funds, institutions and proprietary trading Proprietary Trading

When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades.
 groups with direct access to stocks, options, futures, foreign exchange and bonds through its proprietary R3 trading platform. For automated trading clients, also known as algorithmic or black box traders, RedSky offers multiple application programming interfaces (APIs) for order submission and price subscription. Designed for easy connectivity and robust performance, RedSky's APIs offer low latency and high throughput. RedSky combines industry-leading technology with a high level of client support.
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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:Feb 6, 2007
Words:379
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