Bats Lands in New York

The Kansas City, Mo.-based firm has opened an office at 14 Wall Street, a few doors down from its competitor NYSE Euronext.

Currently, the location is meant to be a sales office with a staff of five. However, more personnel could be added as needed, according to Bats officials.

In step with global expansion, the ECN operator tapped datacenter provider Savvis to host its production systems for Bats Trading (Europe) in Savvis' Docklands datacenter (DWT, April 14).

Savvis has hosted the Bats ECN since

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Crypto exchange EDX takes its tech into its own hands

The crypto exchange and clearinghouse, founded in 2022 by industry heavyweights, has built out its technology to meet the needs of the institutional market. In the process, it has learned important lessons about partnering with vendors, building in-house, and, ultimately, control.

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