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BATS Europe inverts pricing for NYSE Euronext securities.

Byline: (Staff Writer)

BATS Europe, a European Multilateral Trading Facility (MTF), has launched an inverted pricing special for the NYSE Euronext indices CAC40, AEX25, BEL20 and three NYSE Euronext exchange traded funds (ETFs), beginning the 1 June.

BATS Europe will rebate 0.50 bps for adding liquidity in CAC40, AEX25 and BEL20 stocks, subject to a cap of E50 billion ($67.9 billion) notional value traded of these securities on BATS Europe. The charge for removing liquidity remains at its current low 0.30 bps for all securities.

The pricing special coincides with the rollout of three of the largest NYSE Euronext ETFs on the BATS Europe platform, which are included in the inverted pricing for June.

"A diverse group of market participants has connected to the BATS Europe system and we have made significant progress in market share since our launch last October. With inverted pricing in June, we seek to add to market share gains in the major Euronext indices and to support the launch of trading in three ETFs on our platform," said Mark Hemsley, CEO of BATS Europe.

BATS Exchange, BATS Europe's sister company in the US, ran similar inverted pricing schedules in January 2007 and September 2007 and gained significant market share on both occasions, growth which continued after BATS Exchange returned to its normal pricing plan.

2009 CPI Financial. All rights reserved.

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Publication:CPI Financial
Date:May 20, 2009
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