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BATS LAUNCHES EUROPEAN MULTI-LATERAL TRADING FACILITY
Posted October 31, 2008
LONDON
– BATS Trading Ltd. (BATS Europe), the
European unit of global financial market technology company BATS
Holdings Inc., today launched its multi-lateral trading facility (MTF),
with 10 securities. BATS plans to roll out London Stock Exchange, NYSE
Euronext and Xetra securities by November 19.
“This is a tremendous milestone in the history of BATS,” says Mark
Hemsley, Chief Executive Officer of BATS Europe.
“We are excited about the opportunity in front of us and look forward to
bringing greater efficiency to traders in Europe,
following our mission of ‘Making Markets Better.’”
The initial stocks are Barclays, BG Group, Billiton, BP, HSBC, Lloyds
TSB, Royal Bank of Scotland, Rio
Tinto, Royal Dutch Shell and Vodafone Group.
In the US, BATS
Exchange launched on October 24 and will be live in all US-listed
symbols by November 6. The firm, which began offering US trading in
January 2006, currently accounts for about 12 percent of US matched
market share.
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