BATS GAINS UK APPROVAL FOR MULTI-LATERAL TRADING FACILITY

Posted October 15, 2008

KANSAS CITY, Mo. – The Financial Services Authority, the UK securities industry regulator, has authorized BATS Trading Ltd., a unit of BATS Holdings Inc., to operate a multi-lateral trading facility (MTF) in Europe.

BATS European Markets Division is currently in general testing and plans to roll out the first 10 UK securities on October 31. The MTF will offer trading in London Stock Exchange, NYSE Euronext and Xetra securities by November 19.

“Our launch is ahead of the schedule we set on March 31 when we announced our Europe plans,” says Mark Hemsley, Chief Executive Officer of BATS European Markets Division. “We look forward to bringing BATS’ unique blend of speed, efficiency and customer service to pan-European trading as we strive to make markets better.”

In the US, BATS plans to launch as a National Securities Exchange this month. The firm, which began offering trading in the US in January 2006, set a record October 3 with 12.12 percent matched market share.