Mr. Eades joins BATS Europe with 20 years of legal, regulatory and compliance experience in financial markets and exchange trading and clearing, including 14 years at LIFFE (later NYSE Liffe), where he held numerous leadership positions. Mr. Eades is based at the BATS Europe headquarters in London, reporting to Chief Executive Officer Mark Hemsley.

"We are pleased to welcome someone of Adam's experience to the team during this period of profound change in the European market landscape as it relates to competition, regulation and market structure," Mr. Hemsley said. "His depth of legal and regulatory expertise and strong background in exchange trading, clearing and corporate governance makes him a tremendous addition to our senior management team."

Most recently, Mr. Eades was global general counsel at publicly traded Henderson Group plc, the international investment management firm, where he led legal, compliance and corporate secretariat functions in Europe, North America, Southeast Asia and Australia.

Among his previous roles, Mr. Eades led the European legal division for NYSE Euronext and served as global head of legal affairs for NYSE Liffe responsible for all legal matters related to derivatives. Prior to the acquisition of LIFFE by NYSE Euronext, Mr. Eades was general counsel and company secretary for LIFFE and served on its executive committee. He was appointed chairman of LIFFE Trustees Ltd., the corporate trustee of the LIFFE pension scheme, and board director of Euronext UK plc. He also directed market supervision and investigations during his tenure at LIFFE.

"With European financial markets undergoing unprecedented change I am excited to join an innovative, dynamic organisation that is at the forefront of this change," Mr. Eades said. "I have been impressed with BATS Europe's intense competitiveness toward the incumbent exchanges and leadership in equity market structure reform. I look forward to helping BATS further achieve its aims to see competition thrive and investors benefit from efficient markets."

Last month, the UK Competition Commission announced provisional approval of the acquisition of Chi-X Europe by BATS Global Markets. The Competition Commission is expected to publish its final report by 2nd Dec. 2011, the statutory deadline for completion of its inquiry. Assuming that the Competition Commission clears the acquisition in its final decision, it is anticipated that the transaction will be completed by the end of this year.