BATS Global Markets

The BATS Exchange, Inc. (including BATS Trading or BATS Global Markets ) is a, was established on the initiative, which was founded in 1999 Tradebot Systems Inc., in June 2005, operators of MTFs, with headquarters in Kansas City, which operates the BATS trading platform in January 2006.

On 18 February 2011, BATS announced the acquisition of Chi -X Europe. The joint venture is to be performed as BATS Chi -X Europe.

The name derives from BATS called Better Alternative Trading System.

Ownership structure

BATS is owned by a consortium of investment banks and brokers. The main shareholders include Citigroup, Credit Suisse, German Bank, GETCO, JPMorgan, Lehman Brothers (until 2008), Lime Brokerage, Morgan Stanley, Merrill Lynch, Tradebot and Wedbush.

BATS (USA)

In June 2005, BATS was founded and took the first commercial operations in January 2006. In 2008, BATS wrote the first time in the black.

In July 2009, BATS announced in future into the U.S. futures are actively building a new options exchange to want. This is due to start trading operation in the first quarter of 2010 and will enter into direct competition with previously established strong options exchanges International Securities Exchange and Chicago Board Options Exchange.

In March 2012 the company public on NASDAQ occurred. However, due to technical glitches, the share fell massively in a very short time to value. The IPO was carried out with an issue price of $ 16, but crashed due to software errors within 900 milliseconds to 4 ¢ from. Because of technical problems, other shares were (Apple, among others ) are no longer traded.

BATS Europe

BATS Europe is a spin -off from BATS Trading and a multilateral trading system that has been developed since March 2008 and commenced trading operations in November 2008. In March 2009, BATS Europe reached a trade share in the DAX in excess of 3 percent. With a trading volume of around 729 million euros, the system recorded its strongest trading volume on April 2, 2009.

Since 31 October 2008, the clearing of BATS Trading Europe from the Central Counterparty (CCP ) European Multilateral Clearing Facility ( EMCF ) is handled.

On 20 July 2009, testing began for a dark pool, the BATS Europe has taken August 7, 2009. Just the same as the dark pool Xetra midpoint of purchase and Verkaufsaufträg invisible in a separate book, and just the arithmetic mean price between the current bid and ask on the main market of.