SEC Greenlights BATS, Direct Edge Equities Markets Merger

Law360, New York (January 31, 2014, 3:39 PM EST) -- The U.S. Securities and Exchange Commission has approved the merger of BATS Global Markets Inc. and Direct Edge Holdings LLC greenlighting the deal which is now expected to close “within days,” the companies said in a statement released Friday.

The merger between BATS and Direct Edge, first announced in August, will bring together two securities and exchange operators with a combined four equities markets under the BATS Global Markets brand names, the companies said. Together, the companies will surpass Nasdaq to become the second-largest exchange operator...
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