BATS Chi-X Europe has added several new customers to BXTR, the exchange’s suite of on- and off-exchange trade reporting services.

The service, which covers more than 11,800 reportable securities, has captured significant market share since its launch in November 2013, with an average EUR14.7bn reported each day.
 
The new BXTR participants include Deutsche Bank, Instinet, KCG and Liquidnet.
 
These firms join the initial customers who joined the BXTR service when it launched six months ago – Bank of America Merrill Lynch, Citigroup, Credit Suisse, JPMorgan, Morgan Stanley and UBS.
 
Mark Hemsley, chief executive of BATS Chi-X Europe, says: “The support of our customers for BXTR, and the strength of our pipeline, is a clear indication of the quality of the service provided.
 
“With over EUR308bn reported to BXTR in June, the service provides an invaluable insight into the way the modern European marketplace moves and we will be further refining the picture of what constitutes truly addressable liquidity through the FIX Trading Community Market Model Typology (MMT) standard.”
 
BATS Chi-X Europe remains on track with plans to standardise all BXTR OTC data using the MMT standard, which is already in use for on-book trading.
 
BXTR trade reports can be accessed on Bloomberg and Thomson Reuters. Information is available at BXTR on Bloomberg and BXTR on Thomson Reuters.