What’s the third largest securities exchange operator in the United States and where is it located? The answers may surprise you. The exchange operator is called BATS and it is based outside of Kansas City. BATS is derived from an initialization of Better Alternative Trading System.

What Next! What Next?

BATS was formed less than a decade ago as an alternative to the NYSE and The NASDAQ Stock Market. Currently, companies cannot list their securities on BATS. In May, the exchange submitted to the SEC this proposal to adopt rules for the qualification, listing and delisting of companies (Form 19b-4) on one of the U.S. exchanges that BATS operates, BATS Exchange, Inc. (BZX). According to the proposal, the BZX is proposing to adopt...