Bats Announces Alternative To Closing Auctions - Bats Market Close Is An End-Of-Day Match Process For Non-Bats Listed Securities - Follows Significant And Persistent Demand From A Broad Range Of Industry Participants

Bats, a CBOE Holdings, Inc. company, and the second-largest operator of stock exchanges in the United States, announced today that it is proposing to adopt a new, competitively priced alternative to the primary market closing auctions that take place at the end of the U.S. equities trading day, subject to regulatory approval.