BATS Sinks its Fangs into Europe

IMD:

Congratulations on recently receiving SEC approval to become an exchange. What does this mean for BATS, and for your customers?

Ratterman:

Contrary to what many people think, our motivation to becoming a national securities exchange isn't primarily about the economics. Our push to become an exchange stems from the desire to participate directly in the national market system, which we are unable to do as an ECN. Yes, our customers' quotes are currently protected through the BATS ECN and our

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