BATS Cuts Prices for Subscribers.Fast-Growing Market Center Reduces Fee for Routing Shares of Sub-$1 Securities KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. -- BATS Trading Inc. announced price cuts for outbound routing of securities priced at less than $1, effective Aug. 1, 2007. For all securities priced at less than $1, BATS will reduce its fees to 0.26% of the total dollar value of routed executions in those securities. The previous charge was $0.0026 per share on routed executions. "BATS is pleased to announce this price cut in direct response to feedback from our subscribers," said Chief Executive Joe Ratterman. "This change aligns our pricing methodology for stocks priced both above and below $1. Keeping our prices aggressive is just another way that BATS is making markets better." It remains free to add or remove liquidity from the BATS book in securities priced less than $1. BATS maintains its aggressive pricing structure for all Tape A, B and C shares priced at more than $1. BATS, which recently recorded record daily volume of 751 million shares, makes its fee schedule available at http://www.batstrading.com/FeeSchedule. About BATS Trading BATS Trading, based in Kansas City, Mo., with additional offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , was launched in January 2006 and operates one of the fastest-growing, top-tier equity markets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The BATS platform is developed by a core team of market and technology professionals, catering to the needs of the broker-dealer community. Included in the BATS customer base are more than 200 broker-dealers and a broad-based ownership group of Citi, Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. , GETCO, Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , Lime Brokerage, Morgan Stanley, Merrill Lynch and Wedbush. BATS recently recorded record trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. of 751 million shares in a single day. BATS...Making Markets Better. For more information, contact Randy Williams or visit www.batstrading.com. |
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