Davis Polk is advising BATS Global Markets, Inc. in connection with its $365 million acquisition of Hotspot FX Holdings Inc. from KCG Holdings Inc. The transaction is expected to close in the first half of 2015.

BATS Global Markets is a leading global operator of securities markets committed to making markets better for traders, investors and issuers. BATS is one of the premier stock market companies in the world with the largest European stock exchange, BATS Chi-X Europe, and the second-largest U.S. equities exchange group. Hotspot FX is a leading institutional spot foreign exchange market with a customer base that includes more than 220 banks, market makers, hedge funds and institutions.

The Davis Polk corporate team includes partner Leonard Kreynin and associates Brian J. Snyder and Yiming Liu. Partner Lawrence E. Wieman and associate Amanda Bradley are providing credit advice. Partner Neil Barr and associate Kay Ng are providing tax advice. Associate Gary T. Lo is providing intellectual property advice. Partner Jean M. McLoughlin and associate Gillian Emmett Moldowan are providing executive compensation advice. All members of the Davis Polk team are based in the New York office.

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