BATS ECN Offers Trading in NYSE-Listed Securities.Announces NYSE-Listed Tape A Trading in Beta Mode KANSAS CITY, Mo. -- BATS Trading, Inc. announced today that 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. now offers trading 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 Stock Exchange-listed Tape A securities in beta mode, effective immediately. The BATS ECN, an electronic trading platform for anonymous matching of U.S.-based equity securities, reported record daily volume of 332 million shares January 31. The ECN has reported Nasdaq-listed volume of more than 13% each of the past eight trading sessions. "BATS is excited to offer trading in NYSE-listed securities to all of our subscribers, many of whom have requested that we offer Tape A shares," said BATS Chief Executive Officer Dave Cummings. "We are asking subscribers to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale slowly over the next several days to make sure our system and that of the National Stock Exchange work as intended. As we have been using NSX's predecessor platform for Tape B trading, we certainly expect Tape A to work in similar fashion," he 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 and Wedbush Inc. For more information, contact Randy Williams or visit www.batstrading.com. |
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