BATS Pricing | BATS Multilateral Trading Facilities | MTFs

From 1 March 2010, we are delighted to offer you access to the best prices from Europe’s top three Multilateral Trading Facilities (MTFs), now including BATS.

MTFs essentially function as an alternative to stock exchanges for share dealing, often providing better prices than the primary exchanges and accounting for up to 40% of a stock’s overall liquidity.

The fast-growing BATS MTF has recently overtaken Turquoise to take second place behind Chi-X, and can now boast an 8.4% market share in FTSE 100 equities. Beneficial prices from Chi-X and Turquoise prices were already accessible to you via IG Markets' innovative Multi-Venue Technology, and now we can also offer BATS pricing on leading UK and European stocks.

What are the benefits?

Put simply, our Multi-Venue Technology enables you to trade shares at the very best prices.

The technology works behind the scenes, exploring all the major primary European exchanges such as the London Stock Exchange and Euronext, plus the leading MTFs, in search of the best price available on each stock. This is the price you'll see displayed on your Deal ticket in PureDeal.

The addition of BATS enables us to broaden our search, now including the three MTFs that accounted for almost 39% of FTSE 100 liquidity in January 2010 [1], and so bring you greater access to the most beneficial prices.

Advantages for DMA traders

If you are a PureDMA user, access to MTFs such as BATS can increase the likelihood of your order being filled. And now, our Smart Order Router will also search the Dark Pools of Liquidity associated with each of the three leading MTFs, accessing institutional orders which are normally hidden from public view. As a result, your order can often be filled instantly, and sometimes at a better price.

Traders using L2 Dealer will also have the ability to view the BATS order book individually. To find out more, visit our DMA Equities page.

Trading share CFDs

More information about BATS pricing can be found on our Multi-Venue Technology page. To explore the range of benefits available when you trade share CFDs, visit our Share CFDs page.

Updated: 01/03/10

[1] Source: Chi-X Market Report