BATS ECN Launches New York City Office.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 Sales Veterans Lauren Sbordone, John Denza Hired Brian King Joins in Kansas City; Randy Williams Named VP KANSAS CITY, Mo. -- BATS Trading, Inc. announced Tuesday the opening of an office in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company's first location outside of its Kansas City, Mo., headquarters. The office, located at 1440 Broadway, is staffed by the two latest additions to the BATS sales team, account managers Lauren Sbordone and John Denza. Ms. Sbordone spent the past six years at NYSE NYSE See: New York Stock Exchange Group, formerly Archipelago Holdings, and was most recently a director. Mr. Denza, previously a senior sales executive at Island ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. and managing director at Nasdaq Transaction Services, was most recently sales director at Tradeware Global in New York. "We're excited to add Lauren and John, both outstanding sales professionals, to our team," said BATS Chief Executive Officer Dave Cummings, noting that the number of subscribers trading on the BATS platform has increased more than 60 percent since the end of 2006. "Our New York office will help us build closer relationships with many key subscribers." In the New York area, Ms. Sbordone and Mr. Denza are working closely with Kansas City-based members of the sales team. The sales group, led by Vice President Ken Conklin, also recently hired Brian King as an account manager. Mr. King covers much of the U.S. out of Kansas City for BATS. "The addition of Lauren, John, and Brian enables us to continue to provide the outstanding service which our subscribers have come to expect," Mr. Conklin said. In other news, BATS promoted Randy Williams to vice president with responsibilities for marketing and communications. Mr. Williams, a former Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July assistant managing editor, joined BATS in October. 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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