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Bats Europe tweaks new auction book to tempt big trades

Region's biggest stock exchange operator looks to give users option to set minimum trade size

Bats Europe tweaks new auction book to tempt big trades
Photo: iStock

Bats Europe, the region's largest stock exchange operator, is to give its users the option of stipulating a minimum execution size on its new order book that runs auctions throughout the day, a feature now seen as key to luring bigger trades to the platform.

The exchange, which accounts for about a quarter of all European equity trading, in October 2015 launched a periodic auction book that holds a series of very short auctions throughout the day.

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