“MAKING MARKETS BETTER”

Done by: Sara Khodor Khaled

ID: 201700836
Subject: Security Analysis
Submitted to: Dr. Rachel Saad
WHAT IS BATS?
 It is an abbreviation of: “ Better Alternative Trading
System”. Owned now by Cboe Global Markets

 It is the second generation electronic communication

network( ECN)

 Was founded in June 2005

 BATS Global Market is a stock exchange operator located

in Lenexa, Kansas.

 It operates in both United States and Europe

 It competes with the New York Stock Exchange (NYSE)

and the (NASDAQ).
 It also
operates
BATS
BZX options
and BATS
Chi-X
Europe
(the
It runs for biggest

4 US stock
pan
EDGX BYX European
stock
Exchanges: market)

EDGA
OUR MISSION:
 “T o Make Markets
Better”

 It’s goal is to provide

better technology, with
lower costs, while
maintaining better
customer service.
A SUCCESSFUL MERGE

 BATS Global Markets, Inc. and Direct Edge

Holdings LLC (Direct Edge) announced the
completion of their merger on January 31, 2014,
creating one of the world’s largest stock exchange
operators.

 The combined company, which will operate under

the BATS Global Markets brand has become the
top exchange for retail-driven liquidity, according
to most recent data.
SOME OPINIONS
 Mr. Ratterman and Mr. O’Brien gave their
opinions regarding that merge.

“Completion of the merger creates an

even stronger competitor and advocate
for the benefit of all market
participants”
BREAKING RECORDS:
 It quickly became the third largest US equities
market by volume, grabbing 10% of the equities
market two years after it opened.

 It is currently the number 1 stock market in

Europe and the number 2 stock market in US.
USING TECHNOLOGY, G AINING BETTER

RESULTS

 In February of 2014 BATS selected Equinix as

the primary data center provider for all of its
exchange platforms.

 On June 30, 2014 BATS Global Markets unveiled

BATS One Feed, a product that provides market
participants real-time market data across all four
equity exchanges operated by BATS.
AWARDS:
 BATS Global Markets was named “Best
Exchange Technology” at the 2014 Market’s
Choice Awards, as voted by industry participants
and the editors of Markets Media magazine, for
the second consecutive year.
ALWAYS REMEMBER