BATS Trading, the alternative equities platform, confirmed yesterday to the Financial Times its plan to launch in Europe on November 1.
Mark Hemsley, chief executive of BATS’ European venture, confirmed the opening of an office in London. Two rivals–Turquoise and Pan European Market, a venture of Nasdaq OMX, have previously confirmed their intentions to begin trading in Europe September.
BATS is among a number of upstart trading platforms created after the so-called “Mifid” share trading rules were enacted by the European Commission a year ago.
BATSinvestors, according to its website, include Citi, Deutsche Bank, JPMorgan, Lehman Bros., Merrill Lynch and Morgan Stanley.