Bats Europe to launch Bats LIS negotiation facility
Bats Europe has licenced BIDS Trading’s technology to launch Bats LIS (Large in Scale), a large in scale indication of interest (IOI) negotiation and execution platform.
The new system will allow market participants to negotiate large blocks in European equities without revealing their intentions to the market at large.
It will combine the BIDS Trader software, as well as BIDS’ buy-side channel distribution, with Bats’ trade execution, clearing and settlement infrastructure.
“We’ve listened to the buy-side community in Europe and understand their unique challenges in trading large blocks of stock and we believe that our new LIS service will help them better execute their large in scale trading activity,” said Mark Hemsley, CEO of Bats Europe.
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