Yintoni i-BATS?

Ingcono ngokwenene kune-NYSE okanye i-NASDAQ?

I-BATS Exchange yikho-elektroniki. Umnikazi: Ngu: Rainier Ehrhardt

I-BATS Global Markets i-operator exchange exchange eLenexa, Kansas. Iqhuba ezine zokutshintshwa kwempahla ye-US: BZX, BYX, EDGA, kunye ne-EDGX. Kwakhona isebenza kwi-BATS Khetha kunye ne-BATS Chi-X yaseYurophu, i-market-stock market ye-pan-European.

I-BATS inika i-platform yezoshishino enye. Injongo yalo kukubonelela iteknoloji engcono, ngeendleko eziphantsi, ngelixa ugcina inkonzo engcono yabathengi. Yadalwe ukukhusela uhlobo lweengxaki zobuchwepheshe ezibetha iNew York Stock Exchange kunye neNASDAQ .

Okumangalisayo kukuba, i-BATS iqhutywe yi- flash crash ngokwayo xa ibonakalisa iSabelo saKhe sokuQala (IPO) ngokutshintshiselana kwayo. Ngo-Matshi 23, 2012, i-BATS yaphoqeleka ukuba ihoxise iPO yayo xa isantya sexabiso senyuka kwi $ 15 isabelo kwiipenki nje. Ukuphahlazeka kwasusa i-Apple kwi-9%, ukuphoqeleka ukuma kwexeshana kwishishini layo. Yenze ukuba i-SEC isebenzise uphando ngama-trade exchange frequency, kuquka ne-BATS. (Umthombo: i-Bloomberg, i-Epic Fail ye-IPO eyona nto, ngo-Matshi 23, 2012)

NgoSeptemba 26, ii-CBOE Holdings Inc. zavuma ukuthenga i-BATS. Iza kusetyenziswa inkqubo ehambelana nekhowudi ephezulu yokunciphisa iindleko kwi-Chicago Board Options Exchange. I-BATS iya kuqhubeka nokuqhuba ukutshintshana kwayo kwangoku. Ukuhlanganiswa kuya kufinyelela uqoqosho lwezinga kwiindleko zokusebenza. Oku kungakhokelela ekunciphiseni indleko kubatyalomali. (Umthombo: "I-BOE-Bats Zibophezele Ngethuba Lokunciphisa Iindleko Zorhwebo," Izimpesheni & Utyalo-mali, ngo-Oktobha 13, 2016.)

BATS Umlando

I-BATS yasungulwa ngoJuni 2005. Ngaloo xesha, i-BATS yayingumxholo we "Ulungiso olungcono lweNkqubo yokuRhwebo." Yayifumana imvume yokubambisa i-SEC (iBATS BZX) ngo-Oktobha 2008. Yayisungula i-BATS itshintshiselwano eLondon ngaloo nyaka, kwaye yavula ukutshintshiselwa kwe-US yesibili (BATS BYX) kwiminyaka emibini kamva.

Amashishini amabini e-US anemigaqo-nkqubo eyahlukeneyo. Bonke, balinganisa i-13% yazo yonke intengiso yaseStock.

Ngo-2011, i-BATS yazuza i-Chi-X Europe Limited, eyona nto inkulu kunxibelelwano lwe-cross-border border eYurophu. Ngokungafani ne-Deutsch Bourse okanye i-London Stock Exchange, yavumela ukuhweba kwiivenkile ezili-15 zaseYurophu ezinkulu, kunye nenkundla eyodwa kunye nokulawula incwadi.

Ngo-2013, i-BATS yamemezele ukuba iya kudibanisa ne-Direct Edge ukudala iyesibini ezinkulu ukuthengiselana kwempahla, ukuthengisa amasheya ambalwa kune-NYSE Euronext kodwa ngaphezu kwe-NASDAQ.

NgoJanuwari 2015, i-BATS ivumile ukuhlawula irekhodi eyi-14 yezigidi zezihlwayo ezihlawulwe yi-SEC. Ukuthengwa kwayo kwe-Direct Edge Holdings yakutshanje akuzange kufumane imvume yoLwesibini kwimithetho yayo elawula indlela i-oda ebekwe ngayo. Esikhundleni salokho, babenomdla kwabanye abaxhasi babo ngokubanika ngaphakathi ulwazi malunga nendlela imithetho esebenza ngayo. Isohlwayo seBATS liphezulu kunezigidi ezili-10 ezihlawulwa yiNasdaq ukulungisa i-Facebook IPO. (Umthombo: uJohn McCrank, "iBATS Exchange Group Ukuhlawula Imali eyi-14 Million US SEC," i- Reuters , ngoJanuwari 12, 2015)

Ngomhla kaFebhuwari 2015, yatshintsha umxhasi uJoseph Ratterman njenge-CEO noChris Concannon, owayengumlawuli we-NASDAQ kunye ne-Virtu Financial executive. Kulindeleke ukuba iqalise kwakhona inkqubo yeBATS IPO, kuphela ngeli xesha kwelinye lamashishini alo, i-NASDAQ okanye i-NYSE.

(Umthombo: UBradley Hope noChelsey Dulaney, "I-BATS Global Markets Names Igama likaChris Concannon njenge-CEO," iWall Street Journal, ngoFebruwari 24, 2015.)

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