August 27, 2013 BY Gerald Segal
The largest US equity exchange after the NYSE? Its not Nasdaq any more.
Merger of BATS and Direct Edge creates the second largest US equity exchange by volume. With volumes and margins dropping in US equity trading, it comes as no surprise that we're seeing consolidation in the equity exchange business. And as such the newly-announced merger of BATS and Direct Edge isn't quite shocking. What did come…
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