The seller was Lehman Brothers Holdings. The amount of the transaction was not disclosed.
Founded in 2005 and led by Joe Ratterman, CEO, BATS ranks as the world’s third-largest equities exchange company, operating two stock markets in the U.S., as well as BATS Chi-X Europe. It also operates the BATS Options market in the U.S. and offers a primary listings business for exchange-traded products.
The company has additional offices in New York and London.
In conjunction with the transaction with the deal, Chris Mitchell, Managing Director at Spectrum Equity, will join BATS’ Board.