Executive committee appointments have been announced for BATS Chi-X Europe, the new entity that will emerge as a result of BATS’ acquisition of Chi-X Europe.

BATS Global Markets (BATS) has completed its acquisition of Chi-X Europe. In the second quarter of 2012, BATS is expected to have completed the technology migration required to combine BATS Europe and Chi-X Europe MTFs into what will be called BATS Chi-X Europe. This will account for approximately 25% of overall European equities trading, making it the largest pan-European securities market, according to BAT's current statistics.

BATS Global Markets' acquisition of Chi-X Europe, Europe's largest equity exchange, will lead to the combined organisation known as BATS Chi-X Europe, which will represent approximately 25% of European equities trading.

Chairman and Chief Executive of BATS Global Markets, Joe Ratterman, said that the combination will "create an even more formidable competitor in pan-European securities trading".

BATS today announced that the UK Competition Commission have given them formal approval to acquire Chi-X Europe.

Chi-X Australia will commence operations on 31 October 2011 following today’s notice from the Australian Securities & Investments Commission.

Chi-X Australia today announced the appointment of industry veteran David Trude as an Independent Director.