10/8/2013

BATS Chi-X Europe announced plans to begin a pan-European listings business starting in November with two exchange-traded funds from BlackRock. "It's difficult for incumbent exchanges because they can only offer what they have been offering ... nationally oriented sets of listings," BATS Chi-X Europe CEO Mark Hemsley said. "We've got fairly unique attributes in terms of being a pan-European business and a RIE [Registered Investment Exchange] status, which together are reasonably difficult to replicate."

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