Citi Acquires Minority Stake in BATS Trading
New York, NY and Kansas City, MO – Citi today announced it has made a minority investment in the BATS ECN, a fast-growing market center offering trading in U.S. equity securities. Financial terms of the investment were not disclosed.
“We are pleased to invest in BATS Trading, which complements our in-house electronic execution capabilities as well as our ongoing strategic and financial investments in this space,” said James Pak, Head of Market Structure Investments at Citi.
“We are proud to announce Citi’s investment in BATS, a move which further validates our aggressive, dealer-friendly business model,” said BATS Chief Executive Dave Cummings. “BATS was built to serve the dealer community and we thank all of our partners and subscribers for their continued support.”
Citi participated in the latest BATS investment round along with several existing BATS investors, totaling $45 million in new funding for BATS.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.