BATS Cuts Prices.

Fast-Growing Market Center Continues Aggressive Pricing

KANSAS CITY, Mo. -- BATS Trading Inc. announced price cuts for all securities traded on the BATS ECN, 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. "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 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. Investors in BATS include Credit Suisse, Getco LLC, Lehman Brothers, Lime Brokerage LLC, Morgan Stanley, Merrill Lynch & Co. and Wedbush Inc. For more information, contact Randy Williams or visit www.batstrading.com.