BATS finalising deal for Chi-X

Article reports that BATS Global Markets, operator of the third largest stock exchange in the US, was finalising on the 17 February 2011 a deal to merge with Chi-X Europe to create the largest platform for share trading in Europe by volume.

The move would cap a week of frenetic consolidation among global exchanges, with Deutsche Börse and NYSE Euronext revealing details of a plan to build the world’s largest bourse, and the London Stock Exchange tying up with Canada’s TMX Group.

ESO: Background information: D Börse and NYSE in advanced talks http://www.europeansources.info/record/d-borse-and-nyse-in-advanced-talks/

ESO: Background information: A Chi-X-BATS combo? http://www.europeansources.info/record/a-chi-x-bats-combo/

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