Tag: Bats


CBOE Closes Bats Acquisition

CBOE Holdings (CBOE) announced the completion of its acquisition of Bats Global Markets yesterday Tuesday, February 28, in a cash and stock transaction valued at approximately $3.4 billion (based on the closing price of CBOE shares on February 28). The combined company also announced its new corporate leadership structure, which includes key members of both CBOE’s and Bats’ executive teams.
As previously announced, Tilly will serve as chairman and CEO, while Chris Concannon, formerly CEO of Bats Global Markets, becomes president and COO of CBOE Holdings. Within the FX realm, Bryan Harkins was named head of US equities and global FX, a role he took on following the departure of Bill Goodbody in January.

Creating a New Playbook: Forex Network to Address FX Market Vulnerabilities

A number of geopolitical events – Brexit and the US presidential elections to name but a few – have led to ongoing currency volatility. What has the FX market learned about how the modern market functions in times of high volatility and which lessons can be applied to smooth trading during unexpected news events going […]

Bats Targets NDF Market With SEF Acquisition

Bats Global Markets (Bats) has announced plans to acquire Javelin, a Swap Execution Facility (SEF) that is registered with the US Commodity Futures Trading Commission (CFTC). According to Bats, the deal is intended to accelerate it plans to offer trading of non-deliverable forwards (NDFs) for the foreign exchange market. Javelin currently offers trade execution for […]

Uberoi Departs Bats

Natasha Uberoi has left her position as director, FX sales, at Bats Global Markets in New York, according to market sources. Although a spokesperson for Bats declined to comment on the news, Profit & Loss understands that Uberoi left the firm on Monday, with her next destination currently unknown at this point in time.  Uberoi […]