BATS Cuts Prices.Fast-Growing Market Center Continues Aggressive Pricing 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 all securities traded on the BATS ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. , effective in April. For Tape A and C securities, beginning with trading Monday April 2, BATS will rebate $.0022 per executed share that adds liquidity to the BATS book and charge $.0024 per executed share that removes liquidity. "BATS is proud to continue to offer these great prices to subscribers, with no minimum volume levels required to qualify for our best rates," said Chief Executive Officer Dave Cummings For the musician, see . Dave Cummings (born David Conners on March 13, 1940 in Saratoga Springs, New York, U.S.) is considered one of the oldest porn stars. . "And, in contrast to some competitors, BATS maintains its policy of no charges for market data, ports or testing." Also, for Tape B shares trading at or above $1, BATS will offer a rebate of $.0032 per executed share that adds liquidity to the BATS book, while charging $.0024 per executed share for removing liquidity. BATS is discontinuing its Tape B revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. program as of April. "We thank our subscribers and investors for their support," Mr. Cummings said. About BATS Trading BATS Trading Inc., Kansas City, Mo., was founded in June 2005 in response to rapid consolidation in the exchange space. The BATS ECN is designed to handle high-speed, high-volume, anonymous, reliable, algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of . Investors in BATS include Credit Suisse, Getco LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Lehman Brothers, Lime Brokerage LLC, Morgan Stanley, Merrill Lynch & Co. and Wedbush Inc. For more information, contact Randy Williams or visit www.batstrading.com. |
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