BATS Global Markets and Direct Edge Holdings brought three years of intermittent talks to a conclusion with a deal to merge into a single securities exchange. Combining the two entities will create a U.S. exchange with an equity-deal volume greater than Nasdaq and second only to NYSE Euronext. BATS CEO Joe Ratterman will be CEO of the new company, which will be called BATS Global Markets and based in the Kansas City, Mo., area. Register and take advantage of early-bird registration rates for SIFMA's 14th Annual Market Structure Conference, Oct. 17 in New York City.
Published in Briefs: