The combination of BATS Global Markets and Direct Edge Holdings LLC creates the scale necessary to vault one of the final hurdles both companies faced in competing with the New York Stock Exchange and The Nasdaq Stock Market.
The size of NYSE and Nasdaq gives them the ability to provide a reliable source of market data to brokers. Market data allow investors to study historical prices and trends for equities, and brokers spend a lot of money every year to gain access to that data.
RELATED: BATS…
The combination of BATS Global Markets and Direct Edge Holdings LLC creates the scale necessary to vault one of the final hurdles both companies faced in competing with the New York Stock Exchange and The Nasdaq Stock Market.
The size of NYSE and Nasdaq gives them the ability to provide a reliable source of market data to brokers. Market data allow investors to study historical prices and trends for equities, and brokers spend a lot of money every year to gain access to that data.
RELATED: BATS…