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Bats launches options market

The stock-exchange operator is hiring a senior NYSE officer to run its global ETF business as part of expansion

Bats launches options market

Bats Global Markets, one of the three main stock-exchange operators in the US, made aggressive moves against its competitors on Thursday as it seeks to gain market share in trading of options and exchange-traded funds.

In the morning, the company announced it would launch an options market, called EDGX Options, in November of this year. The new exchange is designed to directly compete with options exchanges run by Nasdaq OMX Group and International Securities Exchange.

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