Add-on Acquisition • Financial Services

BATS Global Markets Acquires Direct Edge

On August 26, 2013, BATS Global Markets acquired financial services company Direct Edge

Acquisition Context
  • This is BATS Global Markets’ 2nd transaction in the Financial Services sector.
  • This is BATS Global Markets’ 1st transaction in the United States.
  • This is BATS Global Markets’ 1st transaction in New Jersey.

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M&A Deal Summary

Date August 26, 2013
Target Direct Edge
Sector Financial Services
Buyer(s) BATS Global Markets
Deal Type Add-on Acquisition
Advisor(s) BofA Securities
Evercore Group (Financial)

Target Company

Direct Edge

Jersey City, New Jersey, United States
Direct Edge is a provider of stock exchange operators in the United States and globally. Headquartered in Jersey City, New Jersey, Direct Edge offers dynamic trading functionality across two distinct platforms, EDGA and EDGX, as well as connectivity and market data services. Its commitment to innovation and superior customer service helps its Members move their business lives forward.
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Buyer Overview 1

Buyer

BATS Global Markets

Lenexa, Kansas, United States

Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

BATS Global Markets, Inc. (BATS) is a operator of securities markets, serving the needs of customers in the U.S. and European equities and listings industries, as well as the U.S. options market. The company recently merged with Direct Edge Holdings LLC and is focused on Making Markets Better for traders, investors and issuers.


Deal Context for Buyer #
Overall 2 of 4
Sector: Financial Services 2 of 3
Type: Add-on Acquisition 2 of 3
State: New Jersey 1 of 2
Country: United States 1 of 3
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 Chi-X Europe

London, United Kingdom

Chi-X Europe Ltd. provides financial trading services in European market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-28 Hotspot FX

Jersey City, New Jersey, United States

Hotspot FX, Inc. provides institutions and dealers with spot foreign exchange trade execution through an advanced, fully electronic platform.

Buy $365M