Deutsche Bank, JPMorgan Acquire Minority Stakes In BATS Trading

Deutsche Bank and JPMorgan yesterday announced they have made separate minority investments in BATS Trading, operators of the BATS ECN, a fast-growing market center offering trading in U.S. equity securities.

Financial terms of the investments were not disclosed.

“We are confident that our investment in BATS Trading will allow us to take advantage of ongoing market structure developments and continue enhancing our trading capabilities,” said Robert Flatley, managing director and global head of Autobahn Equity at Deutsche Bank.

"We are proud to be an investor in a leading venue like BATS," said Carlos Hernandez, global head of equities at JPMorgan. "As the alternative execution space continues to expand and evolve, we remain committed to its development while providing our clients the broadest access."

BATS Chief Executive Joe Ratterman said "These investments bring key members of the trading community to our table and we’re pleased Deutsche Bank and JPMorgan recognize our unique value proposition.

"Our focus is to make markets better by serving the dealer community and we thank all of our partners and subscribers for their continued support," he said.