(Reuters) - Citi said that it was one of several banks that
participated in the latest round of funding for BATS, which
raised a total of $45 million for the closely held rival to
traditional stock exchanges. Financial terms of Citi's
investment were not disclosed.
BATS, which lately has gained market share on some larger
exchanges, is one of a series of alternative trading venues
that have attracted growing levels of interest and investment
from securities firms.
Read more at Reuters.com Mergers News
participated in the latest round of funding for BATS, which
raised a total of $45 million for the closely held rival to
traditional stock exchanges. Financial terms of Citi's
investment were not disclosed.
BATS, which lately has gained market share on some larger
exchanges, is one of a series of alternative trading venues
that have attracted growing levels of interest and investment
from securities firms.
Read more at Reuters.com Mergers News
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