Bats global markets inc stock symbol

Bats global markets inc stock symbol

Posted: Zoff Date: 02.06.2017

Bats Global Markets is a global stock exchange operator based in Lenexa, Kansas , with additional offices in London, New York, Chicago and Singapore. Bats was founded in June , became operator of a licensed U. As of February , it operates four U.

BATS is owned by CBOE Holdings. The company was founded in June by Dave Cummings , a computer programmer.

bats global markets inc stock symbol

Cummings said he was inspired to start the company after observing Archipelago Holdings be acquired by the New York Stock Exchange and Instinet be acquired by NASDAQ within a week of each other in After the launch of Bats, other brokerage firms, hedge funds and other clients became involved with the company.

Cummings publicized the Bats service by sending emails to companies highlighting the niche that could be carved out by trading on platforms other than the big two—NASDAQ and NYSE. The Bats system was intended to charge less. Cummings stepped down in and was replaced by Joe Ratterman who had been associated with the company from the start.

Cummings said in his resignation, "As Bats prepares to become an exchange, my ownership of a broker-dealer precludes me from serving in management". Cummings returned to his position as CEO at Tradebot. Under the leadership of Joe Ratterman, in March , Bats entered the European equities markets by establishing a multilateral trading facility MTF to compete on a pan-European basis against the incumbent securities exchanges.

Bats Europe was formally launched in October The deal was referred by the Office of Fair Trading to the Competition Commission in June for further investigation to "determine whether a substantial lessening of competition is probable as a result of the anticipated merger". However, the Competition Commission approved the transaction in late November , leading to Bats closing the deal on 30 November By April the technology integration between the two platforms was complete and Chi-X Europe customers were migrated onto the Bats Europe platform.

The company attempted to go public on March 23, , as the first listing on its own exchange, but later withdrew the IPO the same day due to a disastrous glitch in the company's trading systems. Three erroneous Apple trades on the Bats exchange triggered a circuit breaker which temporarily halted trading in that stock.

Those trades were later canceled. Bats halted stocks on its exchange that were affected by the glitch and included stocks with ticker symbols beginning with letters A to BFZZZ. It later reopened trading in the affected symbols but decided to withdraw the Bats stock offering. Following the failed IPO, the Bats board of directors decided to separate the roles of chairman and CEO.

Exchange-Operator Bats Global Files Initial Offering

Joe Ratterman had previously held both roles. Securities and Exchange commissioner, to the role of non-executive chairman of its board of directors. In January , Bats admitted that what it called a "system issue" had generated problems with more than , trades, going back as far as In November , Bats converted its ECN to a national securities exchange, BZX, which allowed Bats to participate in and earn market data fees from the United States consolidated tape plans, reduce its clearing costs and operate a primary listings business.

In February , Bats expanded into a new asset class by offering trading of listed equity options on BZX. In October , Bats launched BYX, a second national securities exchange for trading listed cash equity securities.

Bats launched a primary listings business in the United States on its BZX Exchange in December and launched its first listings of seven ETFs in January With BYX, Bats offered a different pricing model than its larger market, BZX.

Bats entered the European equities markets in , with the launch of Bats Europe, a pan-European multilateral trading facility MTF.

BATS Stock Price - British American Tobacco PLC Stock Quote (U.K.: London) - MarketWatch

Eric Swanson is Senior Vice President, General Counsel, and Secretary. He joined as General Counsel in January In , company president William O'Brien disputed assertions in the book Flash Boys: A Wall Street Revolt.

Bats Global Markets, Inc.: quotes & news - Google Finance

O'Brien was "referring to a previous work by the journalist", the paper reported. O'Brien's denial was false and he was publicly told to retract it by the New York District Attorney.

From Wikipedia, the free encyclopedia.

bats global markets inc stock symbol

Chris Concannon; [1] [2] Chairman: Paul Atkins [1] Currency United States dollar Volume 1B shares Jan Indices Bats withdrawn Website www. Archived from the original on 3 February Archived from the original on Archived from the original on March 27, Retrieved 24 March When Machines Humiliate Their Masters".

Well, this is awkward". Retrieved 15 January Retrieved 27 September Retrieved 20 April Check date values in: Retrieved February 15, Link to CNBC "Katsuyama vs. O'Brien - who won the fight?

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