BATS Global Markets, Inc., which operates electronic markets for the trading of equities and options in the US and Europe, filed on Friday with the SEC to raise up to $100 million in an initial public offering. BATS is the third largest exchange operator in the US after NYSE Euronext and Nasdaq based on market share (BATS had 10.8% market share in US equities in the first quarter of 2011). The Lenexa, KS-based company, which was founded in 2005 and booked $900 million in sales for the 12 months ended December 31, 2010, plans to list on its very own BATS Exchange or "BZX" under the symbol BATS. Morgan Stanley, Citi, and Credit Suisse are the lead underwriters on the deal. No pricing terms were disclosed.
