BATS Exchange, in Conjunction with Other Exchanges, Submits Proposal Letter to SEC

BATS, NYSE and NASDAQ Join in Letter Regarding New Short Sale Rules, Propose
Modified Uptick Rule with Circuit Breaker
KANSAS CITY, Mo.--(Business Wire)--
BATS Exchange, along with the New York Stock Exchange and Nasdaq Stock Market,
issued a comment letter to the Securities and Exchange Commission in regards to
a proposal to combat abusive short selling.

"We worked closely with the Commission to implement new rules and emergency
measures in the wake of the market turmoil in late 2008," said BATS Exchange COO
Chris Isaacson. "BATS is well positioned to continue playing an important role,
along with other exchanges and the SEC, to help design and implement effective
regulation aimed at curbing abusive short selling and other potentially
manipulative practices.

"To that end, BATS Exchange is pleased to join with NYSE and Nasdaq to propose a
Modified Uptick Rule and Circuit Breaker, measures which would go a long way
towards dealing with this issue so critical to the success of U.S. equity
markets," Mr. Isaacson said.

The complete joint letter can be found at
http://www.batstrading.com/JointShortSaleLetter.

About BATS

BATS Global Markets (BATS) is an innovative global financial markets technology
company headquartered in the Kansas City, Mo., area with additional offices in
New York and London. The BATS platform was launched in January 2006 and,
operating as BATS Exchange, Inc., is one of the fastest growing, top tier equity
markets in the United States. BATS serves the European market through its London
based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral
Trading Facility for European securities. 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 … Making
Markets Better.

BATS
Randy Williams, +1-212-378-8522 or +1-816-516-2179 (Media/Analysts)
rwilliams@batstrading.com
Alex Dalley, +44-207-012-8920 (Europe)
adalley@batstrading.com
Jon Schneider, +1-913-815-7124 (U.S.)
jschneider@batstrading.com

Copyright Business Wire 2009