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BATS Linux trading platform to replace Chi-X Instinet following acquisition

Mar 01, 2011, 05:02 (0 Talkback[s])

[ Thanks to dmandpenfold for this link. ]

"BATS Global Markets has agreed to acquire specialist electronic trading rival Chi-X, and promised to replace the Chi-X matching engine with its own Linux-based technology.

"Chi-X is understood to have been looking for a replacement for its Instinet matching engine, which also runs on the open source operating system.

""We will be migrating Chi-X to our own trading platform," a BATS spokesperson confirmed to Computerworld UK. BATS' platform runs on a Linux-based datacentre and is hosted by Savvis – with servers in Docklands in London for European traders, and in New Jersey for the US."

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