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BATS, Direct Edge to Create No. 2 U.S. Exchange

The Wall Street Journal
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August 26, 2013 AT 11:20 AM
BATS Global Markets announced a merger with rival stock-exchange company Direct Edge Holdings in a deal that would unseat Nasdaq as the second-largest U.S. stcok-exchange operator by volume. Jacob Bunge joins MoneyBeat. Photo: Direct Edge.