Virtu Financial LLC executive Chris Concannon will be appointed as president of Bats Global Markets, an upstart Kansas City firm that has grown into one of the country’s top stock-exchange operators, Bats said.

Concannon's arrival coincides with the company "starting to set our sights on what to do next," said Joe Ratterman, CEO of Bats, in an interview.

Former SEC lawyer also served as executive vice president at Nasdaq OMX

Bradley Hope, The Wall Street Journal

Bats Global Markets

Virtu Financial

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Virtu's Concannon to head Bats Global

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