January 27, 2014 / 4:50 PM / 4 years ago

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

(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)

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