Hibernia Atlantic’s Global Financial Network (GFN) now provides access to the BATS Exchanges in the U.S. and BATS Europe, providing traders the ability to connect to the BATS markets from anywhere on the GFN network, including more than 120 key financial cities.
In the U.S., the BATS Exchanges--the BATS BZX Exchange and BATS BYX Exchange--handle approximately 10% to 11% of all equities trading, and BATS Options handles approximately 4% of all equity options trading. BATS Europe operates an FSA-authorized multilateral trading facility (MTF) for pan-European equity securities with approximately 6% pan-European market share and 11% of the FTSE 100. The BATS Exchanges are operated by BATS Global Markets
Hibernia is also offering Hibernia Secure, a single interface to a secure, reliable, and dedicated platform with multiple route options, providing guaranteed uptime between BATS and other critical trading routes.
“We are delighted that Hibernia is committed to working with us to bring their customers seamless, low-latency access to our markets in the U.S. and Europe,” states Chris Isaacson, chief operating officer at BATS Global Markets. “We’re committed to easing frictions in the marketplace for our market participants, so we’re excited when key industry providers, such as Hibernia, link to our venues and increase connectivity choice for our customers.”
Hibernia’s GFN is a purpose-built network for the financial industry, including banks, financial exchanges, and trading firms. The GFN offers access to key metro markets
and financial exchanges
in North America, the U.K., Europe, and the Asia Pac-Rim. With more than 120 points of presence, Hibernia’s GFN is built on 24,000 kilometers of fiber-optic cable
, extending to the world’s key financial cities.
“Our innovative GFN enables traders and exchanges to execute trades faster and more efficiently,” says Bjarni Thorvardarson
, CEO of Hibernia Atlantic. “Clients can now securely connect to BATS from any point on the GFN, expanding network availability and delivering high performance network services to the global financial community
. We are also providing an extra layer of diversity and security; Hibernia Secure will automatically re-route traffic to a secondary route of the client’s choice in the unlikely event of signal loss.”