BATS Slashes Bandwidth with FAST Feed

The feed, dubbed FAST PITCH, was introduced last month, and the ECN has seen good levels of interest from firms that subscribe to BATS' data—"Especially those that don't want to pay so much for bandwidth or don't have a direct cross connect [between us and their systems] in a datacenter," says Chris Isaacson, newly appointed chief operating officer at BATS.

Average daily volume traded on and routed via BATS is now regularly around 400 million shares per day, with a record of 431 million share

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