Sterling
Financial Systems, Inc.
225 West Washington Street, Suite 1014
Chicago, Illinois 60606
(312) 346-9600
BATS Destination is Now Available
in Sterling
April 27, 2006
ANNOUNCEMENT –
TO ALL STERLING CLIENTS
Sterling is pleased
to announce that the Sterling Trader® system now
offers a new execution venue for
U. S.
equity orders – BATS (“A Better Alternative
Trading System”), from BATS Trading. Sterling
Service Bureau clients can send orders into the BATS
system via the following execution destinations:
| BATS Destination
Name |
BATS Route
Description |
| BATS |
BATS ECN (routing out allowed) |
| BATSWEEP |
BATS Inter-market Sweep (IOC +
ignore NBBO) |
| BATSONLY |
BATS Post Only (routing out not
allowed) |
In addition, the Sterling Trader®
system offers three special features that are available to BATS subscribers:
- ‘Invisible’ orders – with display quantity set to zero
- ‘Add Liquidity Only’ orders - BATS would reject orders
that would remove liquidity
- BATS book quote viewer – internal BATS book display
inside the Level 2 window in
Sterling
Routing to BATS in the
Sterling
system can be set up on an account-by-account
basis. BATS book quote viewer is available for Sterling Trader® Pro users with
release version 5.0.3.3 or later.
For more information about
trading via BATS, ECN fees and supported order types, please visit the BATS
Trading System website at http://www.batstrading.com.
For more information regarding connectivity to BATS through the Sterling Trader®
system please call Sterling Technical Support at (312) 346-9600 ext. 230, or
send an inquiry to support@sterlingtechnologiesinc.com.
Sterling Trader® is a registered Trademark of Sterling
Technologies, Inc. – All Rights Reserved |
