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The Deal: BATS, Direct Edge Take Swing at Incumbents

2013-08-26 22:47:01| Railroads - Topix.net

BATS Global Markets Inc. and Direct Edge Holdings have agreed to merge in a deal that will leapfrog the exchange operators ahead of Nasdaq OMX Group The new company will have its headquarters in Kansas City, where BATS is currently located, and sit just behind NYSE Euronext BATS chief executive Joe Ratterman will remain in his role with Direct Edge ... (more)

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