BATS ECN Hits 400M-Share Milestone.Fast-Growing Market Center Continues to Build Market Share 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.'s ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. set a daily volume record Wednesday with more than 401 million shares traded, surpassing the 400-million mark for the first time. Average volume for the month of June to date is 328 million shares, with daily volume averaging 388 million over the past six trading sessions. All figures are single-counted, matched plus routed. "We thank our subscribers for continuing to embrace our dealer-friendly pricing model and our aggressive way of doing business," said Chief Executive 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. . "We continue to add new customers and now have about 200 firms connected to BATS." BATS launched trading on its ECN Jan. 27, 2006. About BATS Trading BATS Trading Inc., Kansas City, Mo., was founded in 2005 due 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 Citi, Credit Suisse, Getco LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Lehman Brothers, Lime Brokerage LLC, Merrill Lynch & Co., Morgan Stanley and Wedbush Inc. For more information, contact Randy Williams or visit www.BATStrading.com. |
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