BATS exchange hires IPO underwriters: WSJ

By Reuters
Posted Jan. 7 at 4:21 p.m.

Bats Global Markets Inc has selected several underwriters for the potential initial public offering by the exchange operator, the Wall Street Journal reported on Friday, citing people familiar with the situation.

The BATS IPO would be the first major exchange offering since that of CBOE, operator of the Chicago Board Options Exchange.

The company has tapped multiple IPO managers, whose identities were not disclosed, after interviewing candidates in recent months, according to the newspaper.

The five-year-old global firm operates two stock-trading platforms, one in the United States and another in Europe, and also runs a stock-options business and an index venture.

Last month, Bats Europe exchange entered exclusive negotiations to buy rival Chi-X Europe in a deal that would create one of the largest European share trading firms, on par with the London Stock Exchange.

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CBOE Holdings

CBOE Holdings Inc. claims it is the largest option exchange in the United States. The company, in addition to its core options trading business, provides marketplaces for trading futures contracts...

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