LONDON and KANSAS CITY, Mo., Oct. 8 2012 /PRNewswire/ -- BATS Chi-X Europe, the largest pan-European equities exchange1, has been awarded the "best stock exchange / MTF" award at the Financial News Awards for Excellence in Trading &Technology Europe, 2012.
In addition, BATS Chi-X Europe was named "best equities trading platform", "best equities dark pool" and shared an award for "best clearing service or initiative" for its successful efforts to put in place four-way interoperable clearing with its four central clearing counterparties (CCPs): EMCF, EuroCCP, LCH.Clearnet and SIX x-clear.
"We are delighted to have been recognised by the industry in not one, but four categories," said Mark Hemsley, chief executive officer of BATS Chi-X Europe. "We remain committed to promoting a competitive and strong pan-European equities market, staying engaged with our customers and regulators, and bringing new and innovative products and services to the European markets."
This is the 10th annual Financial News Awards for Excellence in Trading & Technology. The awards celebrate the achievements of firms and individuals working across the spectrum of trading and technology in the European financial markets, from stock exchanges and alternative trading platforms, to software vendors and in-house IT teams.
The awards are completely independent, fee-free and editorially-led. The Financial News editors drew on a combination of anecdotal information from analysts, sellside and buyside firms, exchanges, clearing houses and industry experts, combined with empirical data, to draw up the shortlist. Financial News then invited an independent panel of 50 judges comprising established industry veterans and experts to vote on the shortlist. Judges scored each shortlisted entrant out of five. The votes were fully vetted by the editors to prevent any potential conflicts of interest.
1Based on BATS Global Markets European market share data. From October 2011 (pro forma) - September 2012, BATS Chi-X Europe's daily consolidated market share of pan-European securities notional value traded has averaged 24.8%.
About BATS Global Markets, Inc.
BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which operates a FSA-authorized multilateral trading facility. BATS' innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo., area with additional offices in New York and London. For more information, visit www.batsglobalmarkets.com.
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SOURCE BATS Global Markets