BATS, now an exchange

Email LinkedIn
Tools

As of now, you can execute trades of two stocks via BATS, which filed for exchange status in November 2007, and received approval in August. The Kansas City-based techno pioneer, which matched about 10 percent of U.S. stock trading volume in September, is in launch mode on several fronts. It aims to execute trades in all listed stocks, as an exchange sometime in early November.

It's also aiming to enter the even hotter European fray this week, where it take on American giants, the NYSE Euronext and Nasdaq OMX among others, as well as European exchanges and start-ups. All in all, the stock turmoil has been good to BATS. It's system has suffered no outages and in early October, it executed over 12 percent of all volume, a company record.    

For more:
- here's an article about BATS in Europe from Financial News Online

Related Articles:
What to make of the BATS and DirectEdge News?
DirectEdge vs. BATS for dark pool volume
What to make of BATS?