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About the BATS Global Markets
BATS Global Markets (previously known as “Better Alternative Trading Systems”) was a US-based exchange that engages with numerous types of investments. It is now fully owned by CBOE Global Markets. The exchange-traded equities, options, and foreign exchange, among other investments.
Founded in 2005, the exchange was relatively young when it was acquired by CBOE Holdings in 2017. Prior to being acquired by CBOE, the BATS Global Market was one of the largest US exchanges and rivalled the New York Stock Exchange – the largest stock exchange in the world. It was based in Kansas City, with further offices in both New York and London.
On this page you’ll find a list of BATS Global Markets companies, relevant indices that track the exchange, information about its illustrious history, and the performance of today’s tradable stocks.
When it was originally launched as “Better Alternative Trading System”, BATS Global Markets was branded and marketed as an alternative trading platform. The market claimed that it was more innovative than already established exchanges. The company became “BATS Global Markets” when it broke into the European Market in 2008.
Between 2011 and 2015, BATS completed a number of mergers and acquired various different exchanges, including the Chi-X Europe in 2011 (making it the largest stock exchange in Europe) and a 2014 merger with Direct Edge (adding the EDGA and EDGX exchanges to its repertoire). In 2015, BATS also acquired Hotspot, an electronic communications network that facilitated spot trades, swap executions, and forward trading services.
By 2016, BATS Global Markets was the second largest US equity exchange in regards to market share and had also climbed to become the largest exchange-traded fund (or “ETF”) exchange.
In 2017, CBOE acquired BATS Global Marketing in order to expand in Europe and increase what it could offer to include foreign exchange and ETFs. As part of this move, three exchanges that CBOW already operated were switched to operate on the BATS trading platform.
BATS Global Markets is now tracked by:
- CBOE Europe Indices
These indices are a set of 57 European indices, which include single country and regional indices. They offer real-time values, fully transparent rules and high correlation to incumbent benchmarks providing replacement opportunities.
There are a huge number of stocks on BATS Global Markets, as BATS operate 11 markets globally. This includes two US stock exchanges and the BYX exchange. Altogether, BATS Global Markets processed around 19 percent of all US equity trading daily.