Bats Global Markets, Inc. has reinforced its New York operations with the addition of Jonathan Watras as its newest Director of Foreign Exchange Sales, who steps into his role with immediate effect, Finance Magnates has learned.
In his new role as a Director of FX Sales at Bats, Mr. Watras will be based out of the group’s New York office. He joins the group after more than a decade in the FX space, having worked at a number of leading venues in the industry. Prior to coming over to Bats, Mr. Watras worked at Currenex as its Vice President of FX Sales, a position he held for nearly three years in New York.
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Bats made headlines last week after it reported the initial results from its listing on Bats BZX Exchange. The company had increased the size of its offering amid healthy demand with the initial consideration to post 11.2 million shares being amended to 13.3 million shares. With a price of $19 per share the initial public offering of BATS Global Markets is valuing the company at about $1.8 billion. This is materially higher than the $760 million value at which the company was aiming to go public only 4 years ago.