BATS Appoints General Counsel To Handle Exchange Application

Eric Swanson, Former SEC Lawyer, Will Be Based in NYC
KANSAS CITY, Mo.--(Business Wire)--BATS Trading Inc. hired Eric Swanson as general counsel and said
that his primary initial responsibilities will be working with the
Securities and Exchange Commission as BATS seeks SEC approval of its
exchange application.

Mr. Swanson has a significant history with the SEC, having served
at the Commission from 1996-2006 and rising to the title of Assistant
Director in the Office of Compliance Inspections and Examinations'
market oversight unit in Washington. His duties included supervising
the Commission's inspection program responsible for regulatory
oversight of trading on the securities exchanges and ECNs.

"We're excited to add Eric to our growing team and look forward to
his contributions as we move towards Exchange status," said Chief
Executive Joe Ratterman, noting that Mr. Swanson will report directly
to him. "With his strong background and knowledge of the SEC and
market centers, Eric is the ideal individual to work with the
Commission during this process."

During his tenure at the SEC, Mr. Swanson supervised and conducted
inspections and examinations that involved a wide range of issues
including best execution, order handling, insider trading, market
manipulation, and compliance with Regulation ATS. In addition, Mr.
Swanson was responsible for the identification of regulatory risks and
the development of parameters for surveillance and examination
programs.

A frequent speaker at securities industry functions, Mr. Swanson
was most recently chief counsel and vice president of regulatory
strategy at Ameriprise Financial. He graduated from the University of
Minnesota and earned his law degree at Hamline University School of
Law in St. Paul, Minn.

About BATS Trading

BATS Trading, based in Kansas City, Mo., with additional offices
in New York, was launched in January 2006 and operates one of the
fastest-growing, top-tier equity markets in the United States. The
BATS platform is developed by a core team of market and technology
professionals, catering to the needs of the broker-dealer community.
Included in the BATS customer base are more than 240 broker-dealers
and a broad-based ownership group of Citi, Credit Suisse, Deutsche
Bank, GETCO, JPMorgan, Lehman Brothers, Lime Brokerage, Morgan
Stanley, Merrill Lynch and Wedbush. BATS recently recorded record
volume of 883 million shares in a single day. BATS...Making Markets
Better.

For more information, contact Randy Williams or visit
www.batstrading.com.

BATS Trading
Randy Williams, 816-285-9922
Mobile: 816-516-2179
rwilliams@batstrading.com

Copyright Business Wire 2008