BATS Global Markets going publicPosted by RJ and Makay on May 16, 2011 |
BATS Global Markets has filed for a $100 million initial public offering as it seeks cash during the busiest time of industry takeovers.
The electronic platform, which started trading shares with two Nasdaq customers about five years ago, has grown into the third largest exchange in the U.S. with a 10.8 market share of domestic equity trading. The company was started by Tradebot founder Dave Cummings. Joe Ratterman, formerly under Cummings at Tradebot, became CEO in 2007.
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