BATS Global Markets, the U.S.-based trading platform, is taking over peer Chi-X Europe in a deal aimed at challenging the dominance of national exchanges in share and futures trading. The deal is the latest in a spate of mergers and acquisitions activity in the global market for stock trading. [ID:nSGE71E027] BATS, which has been in exclusive takeover talks with Chi-X since December, is keen to break the stranglehold of national exchanges like Deutsche Boerse (DB1Gn.DE) and the London Stock Exchange Group (LSE.L), while they work on similar tie-ups with NYSE Euronext (NYX.N) and Canadian group TMX (X.TO).
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