BATS confirms it received SEC approval, earns exchange status
BATS Trading confirms it received approval from the U.S. Securities and Exchange Commission to operate as a registered national securities exchange. The transition into an exchange, from the firm's current regulatory status as an ECN, is expected to take approximately 60 days. BATS filed for exchange status in November 2007. BATS averaged matched market share of 10.1% per day in July, with average daily touched volume of about 1.125 bln shares. On August 14, it recorded its all-time high one-day matched market share -- 11.11%.
