Devexperts to Deliver BATS Data to International Markets

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Integration of Bats BZX TOP into dxFeed’s global on demand API offers a very affordable US real time and historical data service for international markets.

Munich, New York – Munich based Devexperts GmbH, developers of the financial markets most successful professional retail and institutional trading platforms and providers of one of the US’s largest cloud based financial data infrastructures, today announced that they have reached an agreement with Bats to deliver a high quality, API based, on-demand real time and historical data service. The solution aims at delivering lower cost data solutions to an increasing number of international retail and institutional investors interested in pricing and trading information on US equities. Devexperts clients will be able to get the most accurate data, ideas, and real-time stock notifications available, delivered directly to their algo devices, trading platforms, web based applications, software apps or mobile devices via a very easy to use API. Clients will benefit from the US market’s best relation between price, quality and market coverage.

Oleg Solodukhin, CEO of Devexperts Data Division said “We are delighted to work with Bats to deliver our clients in Europe, Asia, Africa and Latin America a high quality market data feed for US stocks at an unbeatable cost. We believe this service will be a game changer to serve small tech companies, start-ups, quants, professional investors, hedge funds and small brokerage companies with a very effective on-demand service that can deliver good market coverage with a superior technical solution with no need for client side infrastructure.”

“This partnership with Devexperts to provide valuable, cost-efficient Bats data gives firms the freedom to create new and innovative products,” said Kevin Carrai, Vice President for Market Data and Access Services at Bats. 

Financial software innovations are increasingly coming from smaller companies and start-ups rather than the bigger, established players. However many of these companies have a hard time scaling the volumes of data and the overall costs to fit their infrastructure abilities and their budgets. With dxFeed and the Bats BZX TOP feed, companies will be able to subscribe only the specific instruments they would like to consume, substantially reducing bandwidth and client side hardware.

In addition, clients will also be able to leverage Devexpert’s Inforider market data terminal to visualize real-time and historical information, analytics and news on equities, options, futures and FX markets harnessing the power of the company’s state-of-the-art framework of data services, professional web, desktop technology and advanced mobile devices technology.

This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward-looking statements because they contain words such as “believes” and “expects.” Forward-looking statements are based on Bats’ current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our filings with the SEC, including our final prospectus filed pursuant to Rule 424(b) and our quarterly reports on Form 10-Q, under the caption “Risk Factors.”

Bats and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. You cannot invest directly in an index. This press release speaks only as of this date. Bats disclaims any duty to update the information herein.