Lehman joins electronic-exchange fray, buys stake in BATS

09/20/2006 | MarketWatch

Lehman Brothers has bought a stake in Kansas City-based BATS Trading, which operates an electronic stock trading platform. The move is the latest in a series of transactions involving electronic exchanges such as the NYSE buy of Archipelago, Nasdaq's buy of Inet, and Citigroup's purchase of OnTrade.

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