The BATS Real-time Latency Monitoring Service, first launched in the US in February 2011, provides order latency tracking in real-time via a dashboard on the BATS Europe website, thus allowing users to analyse their own order latency and address the issues immediately.
BATS Europe said the reduction of order latency for participants utilizing FIX and 10-gigabit (10G) connectivity to 138 microseconds on average. For participants utilizing FIX and 1-gigabit (1G) connectivity, it has reduced order latency to 165 microseconds on average.
Developed in-house by the BATS technology team, the monitoring service does not require participants to purchase additional hardware or use third-party applications.
BATS said that the participants with direct FIX ports can access the BATS Real-time Latency Monitoring Service from the BATS Europe website via their BATS Ports Dashboard account.
BATS Europe chief operating officer Paul O’Donnell said that BATS has long set a standard of transparently publishing the overall system latency data in the US and Europe and the new monitoring service gives BATS Europe participants unprecedented access to their own latency performance.
