Bats Europe introduces Minimum Acceptable Quantity feature to Periodic Auctions Book LeapRate

September 07, 2016 BY Valentina Kirilova

Bats Europe introduces Minimum Acceptable Quantity feature to Periodic Auctions Book

Financial exchanges operator Bats Global Markets Inc (BATS:BATS) will further enhance its Periodic Auctions book with the introduction of a Minimum Acceptable Quantity (MAQ) feature in Q4 2016 for participants seeking to trade in larger sizes. The new feature provides participants with control over the minimum total execution size of their order, subject to regulatory approval.…

September 06, 2016 BY LeapRate Staff

Gain Capital unit GTX hires Eduard Poltavsky from Hotspot FX for Eastern Europe sales

GTX, the institutional foreign exchange trading arm of Gain Capital Holdings Inc (NYSE:GCAP), announced today it has hired Eduard Poltavsky as Director, e-FX Sales. Poltavsky specializes in Russian ruble and other eastern European currency pairs. Before joining GTX, Poltavsky was Director of FX Sales at the Hotspot FX unit of Bats Global Markets Inc (BATS:BATS). This marks…

September 01, 2016 BY LeapRate Staff

Hotspot FX has second slowest month since 2012, August volumes at $22.6B ADV

It looks like August was a very slow month for forex trading. Following our earlier reports about August volume declines at competitors GTX and FastMatch, institutional eFX venue Hotspot FX, a division of Bats Global Markets Inc (BATS:BATS), has reported that August 2016 volumes averaged $22.6 billion daily, down 14% from July’s $26.2 billion. The $22.6B figure is the…

August 12, 2016 BY Valentina Kirilova

Bats announces plans to acquire Javelin Swap Execution Facility

Financial exchanges operator Bats Global Markets Inc (BATS:BATS) has announced plans to acquire Javelin SEF, LLC (Javelin), a Swap Execution Facility (SEF). The deal is intended to accelerate Bats’ plans to offer trading of non-deliverable forwards (NDFs) for the foreign exchange market. Javelin currently offers trade execution for swaps through a combination of an anonymous…

August 11, 2016 BY Valentina Kirilova

Bats, Nasdaq and NYSE unite to strengthen U.S. Equity Markets

The three major exchange groups, financial exchanges operator Bats Global Markets Inc (BATS:BATS), Nasdaq and the New York Stock Exchange (NYSE), (collectively called ‘the exchanges’) have worked together to harmonize key functions of the U.S equity markets to increase resiliency during times of extreme volatility. In the coming weeks the exchanges will file with the Securities…

August 11, 2016 BY Valentina Kirilova

Bats executes 23.8% of all ETF volume in July, ADV of $26.2 billion for Hotspot

Financial exchanges operator Bats Global Markets Inc (BATS:BATS) has reported July data and highlights, including strong market share across all of its markets for the month. Highlights for July include: Remaining the #1 U.S. market operator for ETF trading, executing 23.8% of all volume during the month, and winning 28% of all U.S. ETF listings so…

August 09, 2016 BY Valentina Kirilova

Bats Europe to launch new European Equities large in scale negotiation facility called Bats LIS

Financial exchanges operator Bats Global Markets Inc (BATS:BATS) Europe and BIDS Trading LP (BIDS), a block trading ATS by volume in the U.S., have announced that Bats Europe has agreed to license BIDS technology to launch Bats LIS, a new block trading service for the European equity market. Bats LIS (Large in Scale), which is…

August 04, 2016 BY Valentina Kirilova

Bats reports Q2 total revenue growth of 11%, Hotspot to offer global trading of forwards contracts

Financial exchanges operator Bats Global Markets Inc (BATS:BATS) has reported net income of $18 million and adjusted earnings of $34 million for the second quarter ended June 30, 2016. While net income decreased from $20 million from a year ago due primarily to a pretax $18 million debt refinancing charge in the latest period, adjusted earnings…

August 01, 2016 BY LeapRate Staff

Bats to launch BAM auction process for EDGX Options Exchange orders

New auction functionality scheduled for November, pending SEC approval.

August 01, 2016 BY LeapRate Staff

GTX hires Hotspot FX veteran Tom Reichel as Director of Institutional Sales

GTX, the institutional foreign exchange trading arm of Gain Capital Holdings Inc (NYSE:GCAP), announced today it has hired Thomas Reichel as Director of Institutional Sales. He will be based in Chicago and report to John Miesner, Managing Director and Global Head of Sales. GTX has been making a growth push recently. The company also recently…

Tag: Bats Global Markets Inc (BATS:BATS)