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CBOE Buying Bats Makes Sense, Just Not Strategically
Tuesday, September 27, 2016 - 10:27am | 372Read More...CLSA does not believe CBOE Holdings, Inc (NASDAQ: CBOE) acquiring Bats Global Markets Inc (BATS: BATS) for $32.50 a share would fit strategically, although the acquisition makes sense. Therefore, the firm has an Underperform rating and a price target of $68 on the company's stock. While pointing...
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Citi Sees BATS Growth Initiatives As 'Tracking To Plan,' But Maintains Neutral
Thursday, June 9, 2016 - 11:56am | 277Read More...Citi maintains its Neutral rating and $29 price target on Bats Global Markets Inc (BATS: BATS), despite saying the exchange operator's growth initiatives seem to be tracking to plan. "We still see the opportunity for outsized growth against peers, particularly in Hotspot (FX) platform, but we would...
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BATS Exchange Gets Its IPO Right The Second Time
Friday, April 15, 2016 - 2:10pm | 300Read More...BATS Global Markets Inc. (NASDAQ: BATS) shares debuted Friday and were recently trading $3.83 above its offering price. It's the company's second attempt to IPO its own stock, with the first culminating in an unmitigated disaster. The March 23, 2012 IPO of BATS was brief, to say the least. It began...
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This New ETF Could Be The Right Way To Play Emerging Markets
Thursday, January 28, 2016 - 2:16pm | 703Read More...In what is shaping up to be another trying year for emerging markets equities and the relevant exchange-traded funds, investors opting to remain long developing world stocks should prize factors such as consistent dividend growth and quality. Due to a variety of factors, including rising debt loads...
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What A Difference A Second Makes: Are Markets Prepared For Leap Second?
Tuesday, May 19, 2015 - 1:30pm | 592Read More...Every few years, clocks around the world have to be adjusted by one second to account for a slight difference between the time scale and the earth's rotation. While the adjustment may seem minute, the change is panning out to be surrounded by panic as markets worry that it will upset the...
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Micro-Structure & Exchanges: A Complicated Relationship
Saturday, August 9, 2014 - 7:52pm | 1723Read More...This past Tuesday night, news hit that BATS Global Markets was in the process of settling with the Securitues and Exchange Comission on the claim that Direct Edge provided unfair perks to certain high frequency traders (HFT), a development that might set a pivotal precedent in the market...
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BATS CEO: We Apologize, But These Things Happen
Monday, March 26, 2012 - 9:38am | 213Read More...Joe Ratterman, CEO and President of BATS Global Markets, came on CNBC on Monday to apologize for the company's false start of its own IPO last Friday and the shakeup it caused in investor confidence. "My heart sank the moment things started to unwind, and every BATS associate feels terrible...
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BATS' Rough Start Not Effecting Its ETFs (BATS, ENOR, EDEN)
Friday, March 23, 2012 - 12:44pm | 378Read More...BATS Global Markets (BATS: BATS) is off to a dubious start as a public company today. Not only did the third largest stock exchange company in the U.S. sell its shares at the low end of the expected $16-$18 range, the stock proceeded to open lower by almost 5%. Then there was the matter of a <...
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Barron's Recap: Home Prices on the Rebound, the BATS Global Markets IPO
Sunday, March 18, 2012 - 11:05am | 877Read More...This weekend in Barron's online: signs point to a rebound in U.S. home prices, a look at Total, Novartis and Qualcomm, as well as the IPO of the third-largest stock exchange in the United States. Cover Story “Home Prices Ready to Rebound” by Jonathan R. Laing. U.S. home prices have fallen 34%...
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Busy Day Of New ETF Debuts Ahead For iShares
Thursday, January 26, 2012 - 3:52am | 286Read More...Coming on the heels of the debut of the iShares MSCI Norway Capped Investable Market Index Fund (BATS: ENOR), the first ETF to be listed on the BATS Exchange operated by BATS Global Markets, iShares will introduce seven more BATS-listed ETFs today. The funds, which include some first to market...
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iShares Aussie Small Cap ETF to Debut On Thursday
Wednesday, January 25, 2012 - 12:43pm | 215Read More...BlackRock's (NYSE: BLK) iShares unit, the world's largest ETF issuer, will introduce a second ETF on the BATS Exchange on Thursday when the firm rolls out the iShares MSCI Australia Small Cap Index Fund (BATS: EWAS). The iShares MSCI Australia Index Fund follows the introduction of the iShares...
