Market Overview

BATS Global Markets Announces BATS Chi-X Europe Executive Committee


BATS Global Markets (BATS) today announced executive committee appointments for BATS Chi-X Europe, the new entity that will emerge as a result of BATS' acquisition of Chi-X Europe.

In addition to Chief Executive Officer Mark Hemsley, the BATS Chi-X Europe executive committee will include Paul O'Donnell, chief operating officer; Michael Beaver, chief financial officer; Jerry Avenell and Alex Dalley, co-heads of sales; Graham Dick, head of index and derivatives products; Adam Eades, head of legal and regulatory affairs; and Michael Newell, head of business development.

All members of the executive committee will report to Mr. Hemsley.

Mr. Hemsley said: “These individuals have been an instrumental part of both organizations' success in Europe and I believe this is the ideal team to take us forward and ensure that BATS Chi-X Europe is positioned to capitalize on the tremendous opportunities for growth in today's ever-changing marketplace.”

Immediately following the close of the Chi-X Europe transaction on 30 November, Mr. Hemsley, chief executive officer of BATS Europe, assumed the role of chief executive officer for the combined Chi-X Europe and BATS Europe businesses which will be known as BATS Chi-X Europe.

Planning for the migration of the Chi-X Europe trading platform to BATS Europe technology is currently underway and is expected to be completed in the second quarter of 2012. A technology migration timetable and details will be announced before the end of the year.

About BATS

BATS Global Markets (BATS) is a leading operator of stock and options markets around the globe. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe and Chi-X Europe, which operate FSA-authorized multilateral trading facilities. BATS' innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo., area with additional offices in New York and London. For more information, visit

BATS Global Markets
Media Contacts

Kelly Bailey (London), +44 (20) 7012 8950
Stacie Fleming (Kansas City), +1 913 815 7193
Chi-X Europe Limited
Belinda Keheyan, +44 (0)7527 984 997 or +44 (20) 7131 3315
Head of Marketing

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