UPDATE: BATS in Talks with Direct Edge - WSJ

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BATS, Direct Edge Merger Could Boot Nasdaq Into Third Place (NDAQ)

August 23, 2013 2:42 PM EDT

Market chatter today has the BATS Global Markets and Direct Edge Holdings stock exchanges in late-stage talks for a merger.

The WSJ said today that the combination of the BATS and Direct Edge would create the second-largest exchange in the U.S. ahead of Nasdaq OMX (Nasdaq:... More