KANSAS CITY, Mo., Nov 06, 2008 (BUSINESS WIRE) -- BATS Holdings, an innovative global financial markets technology company, announces it has successfully completed the transition to operate as a national securities exchange. As of today, all US-listed securities are now available for trading on BATS Exchange, one of the fastest growing, top-tier equity markets in the US.
``We're pleased that the transition has gone well and are excited to participate in our nation's securities industry directly as an exchange,'' BATS CEO Joe Ratterman said. ``As we continue to grow and develop our business, as well as our overall market share, BATS members will benefit from our mission of Making Markets Better.''
In November 2007, after operating as an ECN for less than two years, the firm filed for exchange status with the SEC. Approval was received to operate as an exchange in August 2008.
The firm's European division, BATS Europe, opened its new market October 31st as a multilateral trading facility. BATS Europe ( http://www.batstrading.co.uk) launched with active UK securities, and is expanding to include active stocks from Paris, Brussels, Amsterdam, and Germany over the next month.
About BATS
BATS Holdings (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 Trading Limited, 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.
SOURCE: BATS Holdings
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