SEC approves BATS' request to launch derivatives exchange

01/27/2010 | Bloomberg

The Securities and Exchange Commission approved a request from BATS Global Markets to open an equity-derivatives exchange. The trading venue is seeking to tap into the options market. "This is a natural progression for BATS as a more full-service exchange operator," said Jamil Nazarali, global head of electronic trading at Knight Capital Group. "They're moving into other asset classes and have said they'll launch a listings business in equities. They are becoming a full-service competitor to the bigger exchanges.

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