22 August 2017
Find out more

Bats Chi-X Europe seeks UK exchange license

08 November 2012  |  4050 views  |  0 BATS Trading web screen shot

Pan-European trading platform Bats Chi-X Europe is in talks with the UK's Financial Services Authority about becoming a registered exchange, according to press reports.

The MTF has been in talks with the FSA since May and has submitted a draft proposal for a Regulated Investment Exchange license, says the Financial Times, citing sources.

The merger of Bats Europe and Chi-X Europe late last year created an MTF with a market share of around 40% in FTSE 100 stocks but this has since fallen off by around ten per cent.

Securing a license would enable the platform to compete for the business of retail and institutional clients that have to use an exchange, as well as open up a move into listings.

Parent company Bats first revealed the plan in a filing to US regulators ahead of its planned IPO earlier this year. The listing, however, was ditched over a humiliating technical breakdown on the opening day of trading.

Bats Chi-X Europe eyes UK exchange licence - FT

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bats chief Ratterman stripped of chairmanship

Bats chief Ratterman stripped of chairmanship

28 March 2012  |  5253 views  |  0 comments
Bats pulls IPO following technical meltdown

Bats pulls IPO following technical meltdown

23 March 2012  |  6022 views  |  0 comments
Bats Chi-X Europe rolls out four-way clearing interoperability

Bats Chi-X Europe rolls out four-way clearing interoperability

09 January 2012  |  6553 views  |  0 comments
LSE offers no objection to Bats-Chi-X merger

LSE offers no objection to Bats-Chi-X merger

25 August 2011  |  6739 views  |  0 comments
Bats Europe offers traders clearing choice

Bats Europe offers traders clearing choice

29 July 2011  |  6675 views  |  0 comments
Bats acquisition of Chi-X Europe referred to Competition Commission

Bats acquisition of Chi-X Europe referred to Competition Commission

20 June 2011  |  5972 views  |  0 comments
Bats files for IPO

Bats files for IPO

13 May 2011  |  6001 views  |  0 comments
Bats agrees Chi-X Europe acquisition

Bats agrees Chi-X Europe acquisition

21 February 2011  |  10473 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.dorsum.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11995 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10433 views comments | 22 tweets | 32 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9942 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9726 views comments | 10 tweets | 8 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9650 views comments | 19 tweets | 23 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job