Making Markets Better
First Published 8th March 2010
Automated Trader's David Clayden cornered Jeromee Johnson, VP Market Development, BATS Options at the RTS Realtime Systems hosted "US Equity Forum" in New York last week, and asked him about their successes to date and their ultimate goals.
From a standing start, BATS have managed to win more than 10% market share of US equity volumes in less than four years. Their performance has been no less impressive in Europe with their London based MTF regularly exceeding 8% of FTSE 100 volumes. Yet globally, BATS employ little more than one hundred staff. Given these achievements, the trading community and rival trading venues in particular will be carefully watching the progress of recently launched BATS Options.
Automated Trader's David Clayden caught up with Jeromee Johnson, VP Market Development, BATS Options at the RTS hosted "US Equity Forum" in New York last week, who provided some interesting insights into just how BATS have achieved so much with so little in such a short space of time.