BATS Woos Chi-X With Valentine Union
European multilateral trading facility Chi-X Europe is expected to agree a sale to BATS Global Markets, operator of smaller rival MTF BATS Europe, by Feb. 11, sources say, after the venues confirmed they had entered “exclusive” talks on Dec. 22.
A deal would create the largest source of free market data for end-user firms in Europe, since neither market currently charges end-user data fees, and would also add weight to that data by creating a venue with larger market share overall, while also
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