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Direct Edge and BATS complete merger

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Jersey City-based stock exchange operator Direct Edge announced Monday the completion of its merger with BATS Global Markets, effective January 31, 2014.

According to the announcement, the combined company will operate under the BATS Global Markets brand and is the top U.S. exchange operator by market share for all exchange-traded funds as well as the top exchange for retail-driven liquidity. Joe Ratterman serves as CEO with William O'Brien as President.
The merger was first announced in August, and received early termination of the regulatory waiting period in October.

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