Regulator Probes Bats Europe’s Plan for London Exchange License
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U.K. antitrust regulators began studying Bats Chi-X Europe’s plans to register as an exchange and invited rivals and customers to comment.
Bats Chi-X wants to be the first European alternative trading system to become a recognized investment exchange, or RIE, in a renewed challenge to traditional venues such as Deutsche Boerse AG, NYSE Euronext and London Stock Exchange Group Plc. The Office of Fair Trading will decide whether the switch would hurt competition, according to a statement on the regulator’s website today.