bats -- the new ecn

Discussion in 'Order Execution' started by bouncy, Jan 4, 2007.

  1. bouncy


    Anyone know anything about the new ecn "bats"?
  2. Joey "Bats"?
  3. They are throwing away 5,000,000$ in january on advertisement through rebates. Charging 20 cents to remove liquidity while paying 25 to add. [per 100 shares]
  4. just21


    When are IB going to offer BATS?
  5. mnx


    It's not new, it's been around a whole year now...

    - mnx
  6. mnx


  7. New ECNs have been coming and going... for 10 years.
    So don't get too caught up in the hype.

    But the key is always reaching "critical mass liquidity" which is roughly 10-15% market share...
    Before you burn through your cash...
    And BATS will likely achieve that.
  8. Has anyone switched to BATS as a result of the January prices? I was tempted but am not sure how often ill be getting filled when adding liquidity and whether BATS can route out to all exchanges.

    Also, how is BATS in terms of routing out when taking liquidity...will it route out to all ECNs (Nasdaq, Arca, Edgx)?

    I'm finding that Nasdaq does not route out to EDGX but Arca does...what about BATS, do both Nasdaq and Arca route out to it?
  9. #10     Jan 4, 2007