BATS Linux trading platform to replace Chi-X Instinet following acquisition
Mar 01, 2011, 05:02 (0 Talkback[s])
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"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
""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."