Citi Takes Bats Trading Stake
"We are pleased to invest in Bats Trading, which complements our in-house electronic execution capabilities as well as our ongoing strategic and financial investments in this space," says James Pak, head of market structure investments with Citi, in a statement.
The Bats Trading investment adds to a list of investments the bank has made in recent years into regional stock exchanges and other ECNs. In 2005, Citi acquired a minority stake, with other bulge-bracket investment banks, in the
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