BATS Announces Europe CEO, COO

BATS Trading Inc. named Mark Hemsley chief executive of BATS
Trading (Europe), and appointed Paul O´Donnell as chief operating
officer of the newly formed entity, which is based in London.

Mr. Hemsley, a former Euronext LIFFE executive, and Mr. O´Donnell

who has spent the past 14 years at Morgan Stanley, are the first two
official employees of BATS Trading (Europe) and are poised to use
their extensive market and technical knowledge immediately. As
announced March 31, BATS expects to launch the ultra-high-speed
trading platform in 2008.

"We´re very excited to bring Mark and Paul aboard and are
confident that their skills and experience will lead BATS to great
success in Europe," said BATS Chief Executive Joe Ratterman. "We are a
technology company at our core, and both Mark and Paul fit the BATS
executive profile of high caliber, energetic leaders with a hands-on
technology background.

"Mark´s background in - and knowledge of - the Europe market

which includes leadership positions at LIFFE and Deutsche Bank GCI

gives us a significant leg up in the region," Mr. Ratterman said.
"Similarly, we were drawn to Paul´s vast work experience, which
includes success in Australia, Japan and the U.S., much of it in the
electronic trading space.

"With Mark and Paul at the helm and with the backing of our group
of broker-dealer owners -- the same coalition that has played such a
significant role in our success in the U.S. - we are confident in our
ability to make markets better in Europe," he said.

Both men were recruited to BATS by Ken Conklin, BATS´ senior vice
president in charge of business development and the driving force
behind much of the company´s European plans. Mr. Conklin has spent
much of the past six months on the ground in Europe and will be
involved in the operation going forward.

Mr. Hemsley, founder of Belvedere Hill Ltd., a London-based
corporate advisory business, said: "I am excited to take a pioneering
role with a company which has had a tremendous impact on the U.S.
market in such a brief period of time. I look forward to building a
strong, cohesive team which will live up to the BATS credo of ´Making
Markets Better.´"

Mr. O´Donnell, most recently an Executive Director in Morgan
Stanley´s Institutional Equities Division, said: "I look forward to
working with Mark and the rest of the BATS Europe team to drive
efficiencies in the marketplace. It has been impressive to witness
BATS´ impact in the U.S. market, and I´m excited to continue
partnering with Morgan Stanley and the broker dealer community to
produce similar results abroad."

Mr. Hemsley was previously managing director and chief information
officer at LIFFE, working in its market solutions group. At LIFFE from
2001-2004, he won major contracts with top exchanges and transformed
the technology organization to capture greater revenue from its
exchange businesses. A LIFFE board member, he was also heavily
involved in the sale of LIFFE to Euronext, the predecessor company to
NYSE Euronext.

Mr. Hemsley was a managing director of global technology - serving
as chief operating officer and a CIO - during his tenure at Deutsche
Bank GCI, the investment bank. With the company, he managed teams of
professionals in Frankfurt, London, New York, Singapore, Sydney and
Tokyo, while working closely with the firm´s trading operations. His
previous positions included time as a vice president at Credit Suisse
First Boston, where he was global head of foreign exchange technology

and a stint as CIO at Natwest Capital Markets. He is a U.K. citizen.

Mr. O´Donnell joined Morgan Stanley´s Tokyo office in 1994, and
spent the past 14 years in a variety of positions in Information
Technology and Institutional Equities in both Japan and the U.S.

In his current role of Executive Director, Paul is responsible for
architecture, planning, deployment and operations of algorithmic
trading and smart order routing at Morgan Stanley across a variety of
asset classes. Paul was previously responsible for the automation of
the firm´s cash equity market making desk. Prior to joining Morgan
Stanley, he was a software engineer at Softway Pty Ltd in Australia.

Earlier this week, BATS announced that it selected a Savvis data
center in London, where BATS will be co-located with numerous other
trading firms and market centers. Firms interested in linking to the
planned high-speed, low-latency BATS platform in Europe should reach
out to Mr. Conklin via the contact information below.

Firms interested in connecting in the U.S. should contact Jon
Schneider, BATS sales manager, or Randy Williams, vice president of
sales and communications, at the coordinates below.

About BATS Trading

BATS Trading, based in Kansas City, Mo., with additional offices
in New York, was launched in January 2006 and operates one of the
fastest-growing, top-tier equity markets in the United States. The
BATS platform is developed by a core team of market and technology
professionals, catering to the needs of the broker-dealer community.
Included in the BATS customer base are more than 260 broker-dealers
and a broad-based ownership group including Citi, Credit Suisse

Deutsche Bank, GETCO, JPMorgan, Lehman Brothers, Lime Brokerage

Morgan Stanley, Merrill Lynch, Tradebot and Wedbush. BATS ... Making
Markets Better.