BATS GLOBAL MARKETS
In January 2008 Optiver, together with a group of 13 large banks and trading firms, took a minority stake in the pan-European trading platform Chi-X. Launched in March 2007, Chi-X Europe grew to become the largest pan-European equity multilateral trading facility (MTF).Starting seven months ahead of the Markets in Financial Instruments Directive (MiFID) and eighteen months ahead of other MTFs, Chi-X Europe has been helping the international trading community improve their execution of transactions. Its low cost model is designed to help trading participants achieve ultra-low execution and clearing and settlement costs and thus contribute to the efficiency of the overall market.
In December 2011 BATS Global Markets completed its acquisition of Chi-X Europe, making BATS Chi-X Europe the largest pan-European securities market by market share. BATS Chi-X Europe now offers trading in over 2,000 instruments including cash equities and ETFs. In the US, BATS Global Markets operates two securities exchanges and BATS Options, an equity options exchange.