BATS Global Markets, a U.S.-based alternative share trading platform, is near a deal to buy peer Chi-X Europe for more than $300 million in stock, a source close to BATS said on Thursday. A deal would be the latest leg of a merger race redrawing the European exchanges market, which saw two large deals announced last week. [ID:nSGE71E027] "These guys are really the two catalysts in the United States and Europe that are really forcing these mergers," said Seth Merrin, chief executive of Liquidnet, which runs a U.S. trading venue that competes with BATS. "Now they're merging themselves, which creates a new, unexpected competitor for people."
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