Ua 'oi aku ka maikaʻi ma mua o NYSE a NASDAQ?
ʻO BATS Global Markets kahi mea kūʻai kālā i Lenexa, Kansas. Heʻehā mau melike kūʻai kūʻai kūʻai kālā na US: BZX, BYX, EDGA, a me EDGX. Hoʻopuka pū neiʻo ia i nā koho BATS a me nā BATS Chi-X Europe, kaʻoihanaʻoihana pan-Europeanʻoi loa.
Mālamaʻo BATS i kahi papahana kūʻai kālepa. ʻO kona pahuhopu ka hoʻolakoʻana i kaʻenehana maikaʻi, me nā ukiho haʻahaʻa, akāʻo ka mālamaʻana i kaʻoihana kūʻaiʻoi aku. Ua hanaʻia e pale i keʻano o nāʻenehanaʻenehana e kau nei i ke New Exchange Stock Exchange a me ka NASDAQ .
ʻO ka mea kupanaha, ua loaʻa ka BATS i kahi pōʻino pōʻino i ka manawa i kākauʻia ai kona palapala hoʻolaha hoʻolaha mua (IPO) ma kāna kūʻai pono'ī. Ma Malaki 23, 2012, ua koiʻia ka BATS e hoʻokaʻawale aku i kona IPO i ka manawa i hoʻonuiʻia ai ke kumukūʻai kūʻai mai $ 15 i kahi kuleana i nā pennies wale nō. Ua hoʻokuʻuʻia ka'ōpili o Apple i 9%, me ka hoʻoikaikaʻana i ka wā pōkole i kāna kālepaʻana. Ua hoʻonāukiʻia e ka SEC e nānā i ka hoʻololi pinepineʻana i kaʻaelikeʻana, e like me ka BATS. (Source: Bloomberg,ʻO ka epic Fail of the Worst IPO Ever, March 23, 2012)
Ma ka lā 26 o Sepatemaba, uaʻaeʻo CBOE Holdings Inc. e kūʻai i ka BATS. E hoʻohanaʻo ia i nā pūnaehana kaulike e pili ana i ka hoʻemiʻana i nā kumukūʻai ma ka Exchange Exchange Options Kōleke. E hoʻomau ana nā BAT i ke holo i kāna mau loli i kēia manawa. Hiki i ka hui ke loaʻa i nā kumukūʻai waiwai i nā koina hana. Hiki iā ia ke alakaʻi i ka emiʻana o nā kumukūʻai no nā mea kālā. (Source: "Hoʻopiliʻia nā BOE-Bats e like me ka manawa e hiki ai ke hoʻemi i nā kumukūʻai," Pensions & Investments,ʻOkakopa 13, 2016.)
Nā moʻolelo BATS
Ua hoʻokumuʻiaʻo BATS i ka mahinaʻo Iune 2005. I kēlā manawa,ʻo BATS kahi hua'ōlelo no "Better Alternative Trading System." Uaʻaeʻia kaʻaeʻana o ka SEC e lilo i mea kūʻai maoli (BATS BZX) iʻOkakopa 2008. Hoʻolālāʻiaʻo BATS ma Lākana i kēlā makahiki hoʻokahi, a wehe i kahi kūʻaiʻelua o US (BATS BYX) iʻelua mau makahiki ma hope.
ʻO nā loliʻelua o nā US i nā kulekele pili kālā. ʻO ka hui pūʻana, he 13% o nā kālepa kūʻai a pau oʻAmelika.
I ka makahiki 2011, ua loaʻaʻo BATS i ka Chi-X Europe Limited, ke kikowaena kūʻai kālepa nui loa ma Europa. ʻAʻole e like me ka Deutsch Bourse a iʻole ke London Exchange Exchange, uaʻaeʻia ke kālepaʻana i nāʻoihana Europa nui 15, me ka hoʻokahi wale nō papahana a me ka puke kula.
I ka makahiki 2013, hoʻolahaʻo BATS e hui pū me Direct Edge e hana i ka lua kūʻai kūʻai nui loa, kūʻai i nā kālā likeʻole ma mua o NYSE Euronext akā nui aku i ka NASDAQ.
I Ianuali 2015, uaʻaeʻo BATS e uku i kahi moʻolelo he $ 14 miliona uku i loaʻa e ka SEC. ʻAʻole i loaʻa iā ia ka'āpono o SEC ma kāna mau kaulike e pili ana i keʻano o nā kauoha. Akā, ua makemake lākou i kekahi o kā lākou mea kūʻai ma ka hāʻawiʻana iā lākou i loko o kaʻike e pili ana i keʻano o ka hanaʻana o nā rula. Uaʻoi aʻe ka uku o ka BATS ma mua o $ 10 miliona i ukuʻia e Nasdaq e hoʻoponopono ai i kona Facebook IPO. (Source: John McCrank, "KōʻuluʻOihana BATS e uku i ka helu $ 14 Miliona US SEC Fine," Reuters , Ianuali 12, 2015)
I ka makahiki Fepeluali 2015, ua paniʻia ka mea hoʻokumuʻo Joseph Ratterman i Luna Nui me Chris Concannon,ʻo ia ka mea ma mua o ka NASDAQ aʻo Virtu Financial. Hoʻolālāʻiaʻo ia e hoʻomaka hou i ke kaʻina BATS IPO,ʻo ia wale nō kēia manawa ma kekahi o kāna mau mea hoʻokūkū, NASDAQ a NYSE paha.
(Source: Bradley Hope a me Chelsey Dulaney, "Nā inoa BATS Nānā ma waena o Chris Concannon ma keʻano he luna nui," Wall Street Journal, Pepeluali 24, 2015.)