"Lime Brokerage is pleased to announce our investment in BATS trading," said Alistair Brown, Chief Executive Officer of Lime Brokerage. "We were impressed by the innovation and dedication of the BATS team. Their emergence in such a highly competitive market should greatly benefit our growing customer base."
In 2005, Dave Cummings, founder of high-speed, automated liquidity provider Tradebot Systems, established BATS Trading, a next generation platform designed to handle high-speed, high-volume and anonymous algorithmic trading for broker-dealers. Lime Brokerage is presently a subscriber to BATS.
"We established BATS to address the increasingly sophisticated needs of the trading community," said Dave Cummings, Chairman and Chief Executive Officer of BATS Trading. âWe are honored Lime Brokerage has chosen to invest in our technology."