BATS Chi-X Europe has changed its name, dropping the Chi-X component from its title. The group is now known as Bats Europe and will be sport a new logo in tandem with its name change, according to a Bats statement.
The new change only affects Bats Europe, with its existing Bats BXE Order Book, the Bats CXE Order Book and BXTR maintaining their current names. In other news, the parent group BATS Global Markets, Inc, the entity overseeing several key stock exchanges and groups in the US, has undergone a slight alteration to Bats Global Markets.
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Despite the name changes, Hotspot will retain its current designation. To accompany the name changes, Bats has also rolled out a new logo to correspond to its business. All the changes are effective immediately.
Bats made headlines earlier this month after it released its aggregated trading volumes for the month ending January 2016 a little over one week prior. In this report, the group saw notable performances across its US and European equities and exchange-traded-funds (ETF) business, after becoming the top listing venue with 85% of US ETFs.