BATS, Direct Edge To Merge Creating Second-Largest U.S. Stock Exchange

08/26/2013 09:29 am ET

(Reuters) - BATS Global Markets Inc and Direct Edge Holdings said on Monday they would merge in a deal that would create the second-largest U.S. stock exchange.

Financial terms of the transaction, which is expected to close in the first half of 2014, subject to regulatory approvals, were not announced.

(Reporting by John McCrank; Editing by Gerald E. McCormick)

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