BATS RECEIVES SEC APPROVAL, EARNS EXCHANGE STATUS by jwk52206

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									                    BATS RECEIVES SEC APPROVAL,
                      EARNS EXCHANGE STATUS
              SEEKS TO FINALIZE TRANSITION AND OPERATE AS AN EXCHANGE WITHIN 60 DAYS;
                 URGES FIRMS TO COMPLETE KEY MEMBERSHIP AGREEMENTS IMMEDIATELY

KANSAS CITY, Mo. – August 18, 2008 – BATS Trading Inc. received approval today from the U.S. Securities and
Exchange Commission to operate as a registered national securities exchange. The transition into an exchange, from the
firm’s current regulatory status as an ECN, is expected to take approximately 60 days.

BATS filed for exchange status in November 2007.

“It’s a very gratifying day for the BATS team, and an important moment for the marketplace as a whole,” BATS Chief
Executive Joe Ratterman said. “As we have stressed repeatedly, our motivation to become an exchange has come from
our desire to participate directly in the national market system and compete on a level playing field with our primary
competitors, Nasdaq and the New York Stock Exchange.

“BATS is thankful to all of its subscribers, investors and supporters in the industry, who have played such a major role in
our success. We are also thankful to the staff at the SEC, who worked diligently in processing our exchange application,
which helped us to meet our internal goal of obtaining exchange status before year end 2008.

“The approval to operate as a national securities exchange gives us even more reason to pursue our strategy of Making
Markets Better. We realize there is a lot of hard work ahead of us as we take on added regulatory responsibility, but we
look forward to the challenge and the opportunity to provide exchange services to our members,” he said.

BATS urges its subscribers to complete waive-in membership agreements immediately in order to be able to trade on the
BATS system when it becomes active as an exchange. For further information on this process, please contact your
account manager or go to http://www.batstrading.com and click on the “Sales & Support” tab.

BATS averaged matched market share of 10.1% per day in July, with average daily volume of about 1.125 billion shares.
On August 14, it recorded its all-time high one-day matched market share -- 11.11%.

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About BATS
BATS Trading is a subsidiary of BATS Holdings, an innovative global financial markets technology company based in
Kansas City, Mo. with additional offices in New York and London. The BATS Trading ECN platform was launched in
January 2006 and proved to be one of the fastest-growing, top-tier equity markets in the United States. As an Exchange,
BATS will continue its quest to be a preeminent market center in the U.S., distinguishing itself through technology
innovation and superior service. The company also has plans for a European launch in 2008 through its wholly owned
subsidiary based in London. The BATS platform is internally developed by a dedicated core team of market and
technology professionals, catering to the needs of the broker-dealer and trading community. BATS is backed by a broad-
based ownership group including affiliates of Citi, Credit Suisse, Deutsche Bank, GETCO, JPMorgan, Lehman Brothers,
Lime Brokerage, Morgan Stanley, Merrill Lynch, Tradebot and Wedbush. BATS … Making Markets Better.

BATS:
MEDIA/ANALYSTS: Randy Williams (816) 285-9922 or (816) 516-2179 rwilliams@batstrading.com
TO CONNECT IN EUROPE: Mike Newell 0203.009.3155 mnewell@batstrading.com
TO CONNECT IN US: Jon Schneider (816) 285-9924 jschneider@batstrading.com

								
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