The Bats management team focuses solely on the Company's mission of Making Markets Better.
CEOBased in New York
Chris Concannon is Chief Executive Officer of Bats Global Markets. As CEO, he leads a publicly held company that is operator of the #1 market for the trading of European equities, U.S. equities (excluding auctions) and exchange-traded funds, as well as a growing U.S. options market.
He joined the company as president in December 2014 and immediately made an impact by playing a major role in the acquisition of the Hotspot FX market, leading Bats into the global foreign exchange industry. Appointed CEO in March 2015, he successfully led Bats through the IPO process barely a year later, in April 2016.
A noted global market structure expert, Mr. Concannon has more than 20 years of experience as an exchange executive, trading participant and regulator. He previously spent six years at Nasdaq as executive vice president, transaction services where, during his tenure from 2003 to 2009, he helped to transform the company. He was responsible for Nasdaq's U.S. equity and options markets and also led numerous acquisitions and integrations, including Brut, Inet and the Philadelphia and Boston Stock Exchanges. A chief liaison with customers and regulators, he also directed the launch of the Nasdaq Options Market.
Immediately prior to joining Bats, Mr. Concannon was president and chief operating officer of Virtu Financial, a global electronic market maker, from 2009 to 2014. He was instrumental in growing Virtu into one of the world's most influential market makers, providing liquidity on over 200 different exchanges and market centers in more than 30 countries in equities, fixed income, currencies and commodities.
Early in his career, Mr. Concannon was a staff attorney at the Securities and Exchange Commission in the Division of Market Regulation from 1994 to 1997 before joining the law firm of Morgan, Lewis and Bockius LLP. In 1999, he moved to Island ECN, one of the innovative firms that dramatically changed the U.S. market landscape, as special counsel and vice president of business development. From Island, he became president of Instinet Clearing Services before joining Nasdaq in 2003.
Mr. Concannon holds a bachelor's degree from Catholic University, an MBA from St. John's University and a JD from Catholic University's Columbus School of Law. He also holds Series 7 and 24 licenses.
Executive Vice President, Head of Corporate DevelopmentBased in New York
Tony Barchetto serves as Executive Vice President, Head of Corporate Development, at Bats Global Markets. In his role on the Executive Team, Mr. Barchetto leads various new business initiatives for the company and also evaluates strategic opportunities, including acquisitions.
Before joining Bats in January 2014 via the Direct Edge acquisition, Mr. Barchetto was Head of Corporate Strategy at Direct Edge, where he oversaw strategic growth initiatives and business development for the firm. He played an integral role in negotiating and facilitating the acquisition of Direct Edge by Bats, creating one of the world’s largest exchange operators.
Prior to Direct Edge, Mr. Barchetto held a number of senior positions in product, sales, operations, and business development at block trading platform Liquidnet, most recently serving as Head of Corporate Strategy. He started in electronic trading at Citigroup's Lava Trading in sales and later became a product manager. Earlier in his career, Mr. Barchetto was a market maker with Knight Capital Group.
Mr. Barchetto is a CFA charter holder and holds a BS from Georgetown University’s School of Foreign Service. He holds Series 7, 24, 55, and 63 licenses.
Senior Vice President, Head of U.S. SalesBased in New York
Bryan Christian is Senior Vice President, Head of U.S. Sales at Bats Global Markets. Mr. Christian was previously Head of Sales for Direct Edge, which merged with Bats in January 2014.
At Direct Edge, Mr. Christian led the strategic development and implementation of innovative products and pricing that supported trading on the firm's dual equity exchange platforms, EDGA and EDGX, and adoption of the firm's expanding suite of connectivity and data services.
Prior to Direct Edge, Bryan served as Managing Director of Sales at NASDAQ OMX and as global connectivity manager at Bloomberg Tradebook. He began his career in London as a Business Analyst at Merrill Lynch International before joining software development firm Felspar Limited. Bryan earned a B.S. in Business Administration at Marist College.
Executive Vice President, Head of U.S. MarketsBased in New York
Bryan Harkins is Executive Vice President, Head of U.S. Markets at Bats Global Markets. In his role, Mr. Harkins oversees sales, product development, new listings, and competitive strategy for Bats' equities and options exchanges. He also oversees the company’s suite of market data and access services products.
Mr. Harkins was previously Chief Operating Officer of Direct Edge, which merged with Bats in January 2014. As one of the founding employees of Direct Edge, his industry knowledge and effective leadership skills were instrumental to the company growing into one of the largest players in the US equity market. He was responsible for operations, product development, sales, and overseeing the day-to-day activities of the EDGX and EDGA exchanges.
Mr. Harkins is an accomplished executive who has received numerous accolades including selection to the 2014 Crain's New York Business 40 Under Forty and the 2013 NJBiz magazine Forty Under 40. He also received the 2013 Silver Best in Biz award for Best Executive and the 2013 Business Intelligence Group award for Executive of the Year.
During his more than 16 years in the electronic trading space, Mr. Harkins has held numerous technical, operational, product, and senior sales positions at Instinet, BRUT LLC, and NASDAQ. He holds a B.A. from the University of Notre Dame, and an MBA from New York University's Stern School of Business.
Mr. Harkins holds Series 7, 24, 55, and 63 licenses.
Executive Vice President, Global Chief Information OfficerBased in Kansas City
Chris Isaacson is Executive Vice President and Global Chief Information Officer at Bats Global Markets. A founding employee of Bats in 2005, Mr. Isaacson is responsible for ensuring Bats remains an innovative, world-class leader in technology and his leadership has helped Bats grow quickly. He oversees all technology and market operations for the company, including technology strategy, software development and quality, as well as IT infrastructure and security.
In his various roles at Bats, Mr. Isaacson has overseen technology and operations, including the trade desk, and, as a developer, was instrumental in the architecture and implementation of the Bats trading platform. He speaks frequently on panels at key industry events. For several years in a row, Mr. Isaacson has been recognized by Institutional Investor in their annual "Trading Technology 40" ranking, most recently placing #6 on their 2015 list.
Mr. Isaacson began his career as a software engineer at Cerner Corp., the publicly traded, Kansas City-based healthcare information systems supplier. He was a software developer at Tradebot Systems from 2003 to 2005.
He holds a bachelor's degree in information systems with a minor in math from Nebraska Wesleyan University, Lincoln, Neb., and was a two-time Academic All-American while competing in the decathlon. He also earned a master's degree in business administration from the University of Nebraska, Lincoln, where he currently serves on the Advisory Board at the Raikes School of Computer Science and Management.
Mr. Isaacson holds Series 4, 7, 24, 27, 55, 63, and 65 licenses.
Senior Vice President, Global Head of Exchange-Traded ProductsBased in New York
Laura Morrison is Senior Vice President and Global Head of Exchange-Traded Products at Bats Global Markets. In her role, Ms. Morrison oversees the company’s ETP listings business, developing strategy, working with issuers to list their products and overseeing market quality incentive programs. Bats is currently the largest U.S. market for the trading of exchange-traded funds (ETF).
An exchange industry veteran, Ms. Morrison joined Bats from the New York Stock Exchange (NYSE) where she spent 20 years in leadership roles. In her last eight years at NYSE, she served as Senior Vice President, Global Index and Exchange-Traded Products, leading the team which managed ETF listings and trading as well as the NYSE index business. Ms. Morrison played a leading role in bringing new and innovative ETF products to market while launching key market quality programs and growing NYSE’s ETF issuer base to record numbers.
Previously at NYSE, Ms. Morrison held senior-level positions as Managing Director, Member Firm Sales, and Managing Director, NYSE Global Listings Group.
Ms. Morrison began her career at Barnett Bank in Fort Lauderdale, Fla., and also spent two years as a specialist on the NYSE floor at CMJ Partners L.P.
Ms. Morrison graduated with a Bachelor of Arts degree from Western Michigan University.
Senior Vice President, Options Business StrategyBased in New York
Kapil Rathi is Senior Vice President, Options Business Strategy, leading business and product development for the fast-growing Bats Options business.
Mr. Rathi joined the company in March 2015 and immediately played a major role in the growth of Bats Options with market share increasing to 11.8% from 8.3% in his first 18 months. During his time at Bats, the firm has regularly been the market leader for single-leg options trading and has also reached record levels of revenue and profitability.
As part of the company's options growth, in November 2015, Mr. Rathi played a major role in the launch of the company's second U.S. options exchange, EDGX Options. And, in 2016, he has led the rollout of options auctions, moving Bats into new segments of the asset class with the Step-Up Mechanism (SUM) in July and the Bats Auction Mechanism (BAM), planned for November.
A frequent industry panelist and recognized options market structure expert, Mr. Rathi is a vocal advocate for growth opportunities in the options industry, where he has spent the bulk of his career. During his career in the options industry, he has introduced multiple innovations due to his expertise in the areas of options complex orders and buy-writes trading.
He joined Bats from International Securities Exchange (ISE), where he spent 10 years and was previously Head of Product Management, leading a team of product managers in developing new product offerings. In particular, he was instrumental in helping develop the ISE technology platform, market data products and order routing strategies.
Previously, Mr. Rathi worked for SIAC as part of the New York Stock Exchange as well as AT&T and Aithent Inc. He holds an MBA in finance from the Fordham Graduate School of Business, New York.
Executive Vice President, Chief Regulatory OfficerBased in Kansas City
Tami Schademann is Executive Vice President and Chief Regulatory Officer at Bats Global Markets, leading the firm's regulatory and compliance departments since its founding in 2005.
Under Ms. Schademann's leadership, the company has created and unveiled important initiatives to improve market regulation. In 2016, the firm launched the Bats Community Policing Program, an initiative designed to further enhance its capabilities in monitoring markets. This was preceded by the 2015 announcement of the Bats Client Suspension Rule, allowing the company to take swifter action to prohibit manipulative behavior across its exchanges.
Throughout the company's history, Ms. Schademann has played a central role in many of its most important milestones. As a founding employee, she was integral to Bats' application with the National Association of Securities Dealers (now FINRA) to become a broker-dealer, as well as the firm's application with the SEC, leading up to the 2006 launch of Bats Trading as a U.S. alternative trading system (ATS). She also played a critical role in the company's transition to a licensed U.S. securities exchange, occurring in 2008.
Later that year, Ms. Schademann helped Bats expand its global footprint to become one of the world's leading exchange operators as she temporarily relocated to London to direct compliance and regulatory affairs for Bats as the company entered the European equities market. Bats is now the largest stock market operator in Europe.
A member of the Intermarket Surveillance Group (ISG), Ms. Schademann represents Bats with the influential body, which coordinates surveillance and investigations among FINRA and other U.S. and foreign exchanges trading in securities, options, futures, and foreign securities. She has also represented Bats at ISG conferences in London, Germany, and Tokyo.
In 2012, Ms. Schademann received the "Women Who Mean Business" award from the Kansas City Business Journal, which recognizes the region's top corporate executives and entrepreneurs. And, in 2010, Ms. Schademann was an Ingram's Magazine "Women Executives" honoree, an accolade given to Kansas City women who exemplify leadership within their organizations.
Prior to joining Bats, Ms. Schademann was Chief Compliance Officer for four years at Tradebot Systems. Previously, she was a manager at Security Investment Company of Kansas City as well as in the trust divisions of Firstar Bank, Commerce Bank, and Security Bank of Kansas City.
Ms. Schademann holds Series 7, 24, and 63 licenses.
Executive Vice President, Chief Financial Officer, TreasurerBased in Kansas City
Brian Schell joined Bats as Chief Financial Officer in March 2011 and is also an Executive Vice President of the firm. Mr. Schell oversees all financial activities for the firm including accounting, finance, forecasting, strategic planning, and deal analysis.
A 20-year veteran of the financial services industry, Mr. Schell spent 16 years at H&R Block Inc. where he held various senior leadership positions, concluding his tenure as senior vice president, operations, support, and development for the firm's Tax Services division. Mr. Schell also served separately as chief financial officer of the Tax Services and H&R Block Financial Advisors units, holding the former position for seven years.
During Mr. Schell's tenure at H&R Block, he led several merger and acquisition assignments, while directing financial operations and strategic planning initiatives that led to significant revenue growth and operational efficiencies. Most recently, Mr. Schell was chief financial officer at Pollen Inc., a Kansas City-based technology company working with large companies redeploying cash in their accounts payables.
Mr. Schell began his career as an analyst at JP Morgan & Co. in New York and also spent five years in Washington, D.C., at KPMG Peat Marwick and the Federal Deposit Insurance Corporation, facilitating regulatory-assisted banking transactions.
Mr. Schell graduated from the University of Notre Dame in 1987 with a bachelor's degree in business administration and an emphasis in finance. He also holds a master's degree in business administration from The George Washington University.
Mr. Schell holds a Series 27 license.
Executive Vice President, General Counsel & SecretaryBased in New York
Eric Swanson joined Bats Global Markets as General Counsel in January 2008 and oversees all legal aspects at the company.
Mr. Swanson played an integral role in helping Bats transition to a registered U.S. equities exchange in 2008, followed by the expansion into U.S. equity options in 2010. He also serves as a liaison with U.S. regulators and industry officials on market structure issues.
He served at the Securities and Exchange Commission from 1996 to 2006, rising to the title of assistant director in the Office of Compliance, Inspections and Examinations' market oversight unit in Washington. His duties included supervising the Commission's inspection program responsible for regulatory oversight of trading on the securities exchanges and ECNs.
Prior to joining Bats, Mr. Swanson was most recently Chief Counsel and Vice President of regulatory strategy at Ameriprise Financial. He graduated from the University of Minnesota and earned his law degree at Hamline University School of Law in St. Paul, Minn.
Senior Vice President, Investor Relations & CommunicationsBased in New York
Randy Williams is Senior Vice President of Investor Relations and Communications at Bats Global Markets. He joined the firm in October 2006 and oversees all internal and external communications for the firm.
Mr. Williams' team is responsible for much of Bats' interaction with external audiences, including journalists and analysts, and their work has led to coverage from Bloomberg, Bloomberg BusinessWeek, CNBC, Dow Jones Newswires, Forbes, Reuters, The Economist, The Financial Times, Institutional Investor, Newsweek, and The Wall Street Journal, among others.
He began his career as a journalist at Dow Jones Newswires in New York and spent 10 years there. From 1998 to 2004, he was assistant managing editor in charge of the spot news operation, supervising a group of more than 50 journalists and statisticians. In 2001, in honor of his work for the newswire on Sept. 11, 2001, he received the Dow Jones Circle of Excellence Outstanding Service Award.
Prior to joining Bats, Mr. Williams was Vice President with the global public relations consulting firm Fleishman-Hilliard, focused on financial companies for its fourth-largest office in Kansas City. He was at Starkman & Associates, New York, as Senior Managing Director prior to moving to Kansas City in 2006.
A former offensive lineman at the University of Illinois and Lehigh University, Mr. Williams graduated from Lehigh with a bachelor's degree in journalism and a minor in public relations.
He holds Series 7, 24, and 66 licenses.