Dear BATS and Direct Edge Members,
I wanted to let you know immediately that Bill O’Brien is no longer with BATS Global Markets, effective immediately. The press release regarding his departure was just released and is copied below.
I am reassuming the additional role of President at BATS Global Markets, in addition to the CEO position.
As you can see from the press release below, the remainder of the executive management team you’ve come to know and trust is unchanged. As for the business, the integration with Direct Edge remains on schedule and the numbers continue to be strong with U.S. and European equities market share at 20.2% and 21.4%, respectively, for the month of July to date. We remain focused on continuing to provide you with the highest level of customer service and support.
BATS Global Markets remains a strong, stable company that is committed to its long-term mission of making markets better. We believe we have the global team in place to continue to realize this vision while helping all of our customers to achieve their business objectives.
If you have any questions, please do not hesitate to reach out to me, your Sales Director or any other BATS contact. We value your business, feedback and support. Thank you.
Sincerely,
Joe Ratterman
CEO & President
BATS Global Markets
BATS Global Markets Announces Departure of William O’Brien;
Joe Ratterman, CEO, Reassumes Additional Role Of President
KANSAS CITY, Mo. – July 22, 2014 – BATS Global Markets (BATS) today announced the departure of William O’Brien as President, effective immediately, with CEO Joe Ratterman reassuming the additional role of President.
Mr. Ratterman previously held both the CEO and President roles from June 2007 through January 2014. He joined BATS in June 2005 as a founding employee.
In addition to Mr. Ratterman as CEO and President, the remainder of the executive management team is unchanged with Chris Isaacson, Executive Vice President, Global Chief Information Officer; Tami Schademann, Executive Vice President, Chief Regulatory Officer; Eric Swanson, Executive Vice President, General Counsel; Mark Hemsley, CEO of BATS Chi-X Europe; Brian Schell, Executive Vice President, Chief Financial Officer; and Bryan Harkins, Executive Vice President, Head of U.S. Markets.
The full executive team will report directly to Mr. Ratterman.
FTSE Mondo Visione Exchanges Index:
Direct Edge Trading Notice #14-28: A Message From BATS Global Markets CEO Joe Ratterman
Date 22/07/2014