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Tuesday, July 22, 2014

BATS says President William O'Brien leaves company, (NASDAQ: NDAQ)

Exchange operator BATS Global Markets said on Tuesday its president, William O'Brien, has left the company, less than six months after BATS merged with rival Direct Edge, where O'Brien had been chief executive.BATS CEO Joe Ratterman has reassumed the role of president, the company said, without giving any reasons for the changes. Previously, Ratterman held the dual CEO/president role from June 2007 through January 2014.There were no other executive moves, BATS said in a statement. A company spokesman failed to comment further. O'Brien could not immediately be reached.The merger of BATS and Direct Edge received its final regulatory approvals in late January, creating the second-largest U.S. exchange, ahead of Nasdaq OMX Group and just behind Intercontinental Exchange's New York Stock Exchange in terms of equity trading volumes.

The NASDAQ OMX Group, Inc. (NASDAQ OMX) is a holding company. Shares of NDAQ traded higher by 0.89% or $0.365/share to $41.42. In the past year, the shares have traded as low as $29.51 and as high as $41.64. On average, 1382470 shares of NDAQ exchange hands on a given day and today's volume is recorded at 418304.