BATS

The combined group will be called BATS Chi-X Europe, and its is working on a derivatives trading platform to challenge the strong hold of Deutsche Börse AG and NYSE Euronext in the region's futures and options market.

BATS Cleared to Buy Chi-X Europe Doug Cameron 2011

The combined group will be called BATS Chi-X Europe and is looking into launching a derivatives trading platform to challenge those operated by Deutsche Börse AG and NYSE Euronext .

BATS's Chi-X Europe Deal Given Provisional Approval Vladimir Guevarra 2011

BATS expects to launch the new U.S. stock exchange, called BATS Y-Exchange, or BYX, in October as part of its expansion efforts.

BATS Gets Approval for Second Exchange 2010

Last fall, BATS Trading, another electronic trading network, converted into an exchange called BATS Exchange after receiving SEC approval.

Direct Edge Applies for Exchange Status 2009

BATS, which is the third-largest U.S. trading exchange behind the Big Board and Nasdaq, has been expanding in several directions this year.

KansasCity.com: Front Page 2011

The exchange, called BATS Options, will have 'simple, transparent pricing,' BATS said in the Friday filing.

FinanzNachrichten.de: Aktuelle Nachrichten 2009

Owners of traditional stock exchanges have been combining for several years to cut costs as competition mounts from computerized stock exchanges such as BATS and Chi-X.NYSE Group, operator of the New York Stock Exchange, bought Euronext for $10.2 billion in 2007, beating a rival bid from Deutsche Boerse.

N.Y. Stock Exchange being bought by Germans 2011

Some of them -- such as BATS and Direct Edge -- have emerged as serious rivals to more established exchanges in recent years.

SEC asks exchanges to devise new trading rules 2010

Both NYSE and Nasdaq OMX have also lost market share in recent months to alternative electronic platforms and exchanges such as BATS Exchange and Direct Edge LLC.

Nasdaq, Following NYSE, to Adjust Some Fees 2009

Traditional exchanges are under intense cost pressure from upstart electronic rivals such as BATS and Chi-X, which were set up by the world's largest investment banks to loosen the bourses' grip on share trading and to keep fees low.

Yahoo! News: Business - Opinion 2011