RaceTeam is an objective, venue-neutral service that enables trading firms to manage and receive objective real-time Latency Intelligence information from various trading venues.
The service will be rolled out this year to provide independent insight into all BATS US-based markets, including the BATS Equities Exchanges (BZX Exchange and BYX Exchange) and BATS Options.
The service will provide latency data measured by Correlix as a complementary service to BATS’ own latency monitoring service launched earlier this year.
Together with the BATS Exchanges, Correlix RaceTeam service intends to provide latency data for all major US Equities markets.
BATS latency data is expected to be available on RaceTeam later this year.
BATS Global Markets COO Chris Isaacson said BATS is excited to be part of Correlix’s RaceTeam latency measurement service as it believes this is a service that makes markets better by increasing transparency.
"Providing the trading community with innovative latency tools such as this enables them to optimize their trading strategies and improve their execution," Isaacson said.
