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October 8th, 2008 - Blue mobile delivers market data from BATS, Chi-X Europe and Turquoise worldwide

Blue Mobile extends reach for multilateral trading facilities


 

Mark Hemsley, CEO,  BATS Europe Markets Division: "We're pleased that mobile phone users will have access to quotes from the highly-efficient, low-latency BATS platform following our imminent launch."

Blue Systems has announced it will be the first company to deliver real-time market data from BATS, Chi-X Europe and Turquoise via the mobile. The three multilateral trading facilities (MTFs), which have created additional liquidity pools for investors, will benefit from blue mobile™’s global reach across an extended user-base.

Sulim Malook, CEO of Blue Systems, said: “Following the introduction of the Markets in Financial Instruments Directive, BATS, Chi-X Europe and Turquoise have emerged as significant MTFs, providing new pools of liquidity. As competition among exchanges for trading volumes continues to increase, we believe we can play a pivotal role in delivering their services to a broad and valuable audience. We are delighted to be working with three such dynamic MTFs, each of which has superb technology, sound business models and offer investors diversity of choice.”

Mark Hemsley, CEO of BATS Europe Markets Division, said: "We're pleased that mobile phone users will have access to quotes from the highly-efficient, low-latency BATS platform following our imminent launch. We believe our unambiguous commitment to providing free market data to the industry and to individual investors is critical in our mission to Make Markets Better.”

Hirander Misra, Chief Operating Officer of Chi-X Europe, said, “Since launching some eighteen months ago, Chi-X Europe has made its market data available free of charge. We welcome all efforts to help market participants readily access market data not only from Chi-X Europe, but the other exchanges and MTFs.”

Yann L'Huillier, Chief Technology Officer of Turquoise, commented: “We are very pleased to welcome Blue Systems as a data vendor. Turquoise particularly supports the provision of low cost solutions, such as blue mobile™, which aids access of Turquoise data to market participants wherever they are, via their mobile, and helps establish Turquoise as a real force in European equity trading.”

 

 

 

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