BATS Europe and Chi-X Europe may seek exchange status and set up a London-based listings business, The Wall Street Journal reports. The move follows the planned merger of the stock-trading platforms, which still requires approval from the U.K. Financial Services Authority. The Office of Fair Trading, which oversees competition policy, may also look at the agreement. Separately, BATS has partnered with Sao Paulo-based asset management firm, Claritas, to look into possibilities for creating a rival Brazilian exchange and a new clearing and settlement facility.
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