LONDON & KANSAS CITY, Mo.--(BUSINESS WIRE)--BATS Global Markets and Chi-X Europe today announced the two companies have entered into exclusive negotiations regarding the potential sale of Chi-X Europe to BATS Global Markets.

There will be no further public statements at this time.

About BATS

BATS Global Markets (BATS) is a global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. Founded in June 2005, BATS operates two stock exchanges in the US, the BZX Exchange and BYX Exchange; BATS Options, a US equity options market; and BATS Europe, an FSA-authorised multilateral trading facility in Europe. The BATS technology platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS … Making Markets Better.

About Chi-X Europe

Chi-X Europe Limited is an FSA-authorised securities firm operating a multilateral trading facility (MTF) for the trading of more than 1,300 of the most liquid securities across 24 indices and 15 major European markets, as well as ETFs (exchange traded funds), ETCs (exchange traded commodities) and IDRs (international depositary receipts) in both a visible order book and the Chi-Delta™ non-displayed order book. Chi-X Europe’s low-cost, streamlined operating model is designed to help trading participants achieve ultra-low execution and clearing and settlement costs.

For more information, please visit www.chi-xeurope.com.

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