New Clients Join BATS Chi-X Europe Reporting Service

Mark Hemsley, CEO of BATS Chi-X Europe.

BATS Chi-X Europe has announced that four new participants have joined BXTR, its recently-launched suite of on- and off-exchange trade reporting service.

BXTR, which covers more than 11,800 reportable securities and reports an average of €14.7bn ($20.07bn) in transactions daily, has on-boarded a series of new participants, including Deutsche Bank, Instinet, KCG, and Liquidnet.

The service assists with a number of regulatory measures stemming from legislation such as the Markets in Financial Instruments Directive, and from regulatory agencies such as the UK Financial Conduct Authority.

"The support of our customers for BXTR, and the strength of our pipeline, is a clear indication of the quality of the service provided," says Mark Hemsley, CEO of BATS Chi-X Europe. "With over €308bn reported to BXTR in June, the service provides an invaluable insight into the way the modern European marketplace moves and we will be further refining the picture of what constitutes truly addressable liquidity through the FIX Trading Community Market Model Typology standard."

The firms that joined when the service launched in November 2013 include Bank of America Merrill Lynch, Citigroup, Credit Suisse, JPMorgan, Morgan Stanley and UBS.


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