BATS Goes Live With AboveNet

LONDON - Pan-European Trading Platform Partners With AboveNet for Fast,
Secure Connectivity in the UK

AboveNet Communications UK Ltd., a leading provider of fibre optic
connectivity solutions for business and carriers, has completed a private
managed Ethernet network for BATS Europe, the highly efficient, low latency
multilateral trading facility based in London.

AboveNet has implemented a low latency, highly resilient fibre solution
for BATS Europe to use as core connectivity between two of its key sites in
London. The provision of a very high speed, secure link over AboveNet’s
wholly-owned fibre network is fundamental to BATS Europe’s platform, which
gives investment firms a MiFID-compliant alternative for conducting core
trading business.

“BATS is focused on ‘Making Markets Better’ in Europe by replicating the
same speed and responsiveness we’ve displayed in the U.S.,” said Mark
Hemsley, CEO of BATS Europe. “Delivering a low-cost, high speed platform is
at the heart of our offering, and AboveNet’s private fibre optic service is
helping make that happen by supplying resilient connectivity between our key
locations. This network enables us to provide constant, duplicated live feeds
for the cross-referencing and compliance our clients need.”

John Donaldson, managing director at AboveNet, commented, “Our experience
in the finance and trading sector and the durability and capacity of our
network has given BATS Europe the mission-critical connectivity it requires.
The ability to conduct transactions in sub-millisecond timeframes backed up
by an advanced networking infrastructure will be attractive to clients in the
U.K. and beyond.”

“The requirements of the MiFID regulations as well as the demand for
algorithmic trading from hedge funds and investment banks mean that the
amount of data being transported is growing exponentially. The only way to
keep up with these bandwidth demands and meet critical specifications for low
latency transactions is through a private fibre network,” concluded
Donaldson.

About AboveNet, Inc.

AboveNet provides fibre optic connectivity solutions for businesses in
and between 15 top U.S. metro markets and London. It also has a Tier 1 IP
network that connects to 20 cities in 7 countries. AboveNet’s network is
widely used in demanding markets such as financial services, media, health
care and retail.

About BATS

BATS Global Markets (BATS) is an innovative global financial markets
technology company headquartered in the Kansas City, Mo., area with
additional offices in New York and London. The BATS platform was launched in
January 2006 and, operating as BATS Exchange, Inc. is one of the fastest
growing, top tier equity markets in the United States. BATS serves the
European market through its London based, FSA-authorised subsidiary, BATS
Europe, which operates a Multilateral Trading Facility for European
securities. The BATS platform is internally developed by a dedicated core
team of market and technology professionals, catering to the needs of the
broker-dealer and trading community. BATS … Making Markets Better.

UK Headquarters: Centurion House, 24 Monument Street, London,
EC3R 8AJ

For more information, please visit: www.above.net
Contact: Suzy Ferguson / Niki Hutchinson, +44(0)20-7802-2626
abovenet@lewispr.com

Source: AboveNet Inc.

Contact: Suzy Ferguson / Niki Hutchinson, +44(0)20-7802-2626, abovenet at lewispr.com