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News & Commentary
Content tagged with Exchanges posted in June 2007
Dave Cummings Steps Down As BATS CEO/Prez
News  |  6/29/2007  | 
CEO of BATS, Dave Cummings sent this email to the BATS community about an hour ago: Dear Trading Community, Passing the Baton to Joe Ratterman BATS Trading is pleased to announce the promotion of Joe Ratterman to President and CEO. As one of the founding employees, Joe has been a huge part of BATS success. I believe he is the right person to lead the company to the next level. While at Bridge and Lab One, Joe managed technical organizations as large as 650 people. As BATS grows and matur
Nasdaq Updates Strategy with Crossing Networks, Options and Other Value-Added Services
News  |  6/14/2007  | 
While continuing to increase its market share in U.S. equities, The Nasdaq Stock Market is focused on adding valued-added products to its INET matching engine, according to a press briefing held today. After the purchasing the INET matching engine for $900 million from Instinet in December of 2005, and merging the BRUT ECN and Nasdaq's own SuperMontage matching engine into INET, the U.S.-based
OES, Lava Trading Emerge as Dominant Vendors in Order Routing
News  |  6/12/2007  | 
Brokers, exchanges and other vendors are relying on Order Execution Services and Lava Trading for their Reg NMS compliant order routing. But does this pose a risk?

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