CORRECTED-SEC approves BATS' rule filing for Direct Edge merger

Mon Jan 27, 2014 11:49am EST

(Corrects to say the SEC has approved BATS' rule change to merge with Direct Edge, not the merger itself)

NEW YORK Jan 24 (Reuters) - The U.S. Securities and Exchange Commission has approved exchange operator BATS Global Markets Inc's rule change filing to merge with Direct Edge Holdings LLC, according to a notice on the regulator's website posted on Friday and dated Jan. 23.

The combination of the exchanges will create the No. 2 U.S. equities exchange, ahead of Nasdaq OMX Group by volume and just behind IntercontinentalExchange Group's NYSE Euronext unit. (Reporting by John McCrank)