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Our Mission: To make markets better through innovations in technology, performance, pricing, market structure, and customer service.

BATS was founded in June 2005 in a time when market innovation and technology leadership were at risk due to over consolidation in the ECN and Exchange industry. Independent market centers were being bought up, and the number of credible places to trade were rapidly decreasing.

The industry and technology professionals who make up the BATS team are focused on keeping innovation and competition alive in the securities markets. Over the last two years, several large and well respected industry leaders have invested in BATS. Because our employees and investors come from the industry, we are well positioned to help make the markets a better place to do business.

BATS Quick Information

Management Team


Joe Ratterman

Chairman, President and Chief Executive Officer

Joe Ratterman is president and chief executive officer of BATS Trading, one of the fastest-growing, top-tier equity markets in the United States. Mr. Ratterman joined BATS as a founding employee and served as executive vice president and chief operating officer from 2005 to mid-2007.

"BATS has established itself as an innovative market center in a short period of time, and our talented, goal-oriented team is primed to take BATS to the next level," he said at the time of his appointment in June 2007.

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Chris Isaacson

Chief Operating Officer and Senior Vice President

Chris Isaacson was promoted to chief operating officer at BATS Trading in July 2007 and is also a senior vice president of the firm.

Mr. Isaacson was previously vice president in charge of operations, a position he had held since 2006. He previously managed the trade desk at BATS and, as a developer, was instrumental in the architecture and implementation of the BATS trading platform.

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Tami Schademann

Chief Compliance Officer

Tami Schademann is chief compliance officer at BATS with responsibilities for registration requirements, maintenance and retention of records, and general trading practices.

Ms. Schademann joined BATS as a founding employee in 2005 and has run the compliance department since the company began operations. Among her numerous accomplishments, she played a central role in BATS' application with the NASD to become a broker dealer, as well as the firm's application to operate an ECN under Reg ATS with the SEC.

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Jessi Kingsbury

Chief Financial Officer

Ms. Kingsbury was one of the founding employees at BATS and, as the company's chief financial officer, is responsible for all financial functions at the firm, including financial planning and financial reporting.

"Jessi has built an incredibly robust and reliable financial accounting system for BATS, from the ground up," BATS CEO Joe Ratterman said. "Our financial processes run smoothly each and every month and quarter because Jessi and her team do an amazing job of keeping two steps ahead of the company's needs at all times."

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Ken Conklin

Senior Vice President, Business Development

Ken Conklin was promoted to senior vice president, business development, at BATS in January 2008. He brings strong technical knowledge to his current position, and is responsible for maintaining the BATS brand by ensuring consistent messages and branding across all media.

Mr. Conklin joined BATS as a founding employee in 2005 as a software developer and played a key role in the development of the BATS ECN. He has pioneered and led the sales and marketing efforts for BATS as an account manager, sales manager, and vice president of sales.

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Randy Williams

Vice President, Sales and Communications

Randy Williams was named vice president, sales and communications, at BATS in March 2008. He joined BATS in October 2006 as communications specialist.

Mr. Williams is responsible for much of BATS' interaction with external audiences, including journalists and analysts and his work has led to articles from Bloomberg, BusinessWeek, Dow Jones Newswires, Forbes, Reuters, The Economist, The Financial Times, The Wall Street Journal and TheStreet.com, among others.

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Eric Swanson

Senior Vice President, General Counsel

Eric Swanson was hired as general counsel in January 2008 and moved immediately into the role of working with the Securities and Exchange Commission as BATS seeks SEC approval of its exchange application. He is based in BATS' New York City office.

Mr. Swanson has a significant history with the SEC, having served at the Commission from 1996-2006 and 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.

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Mark Hemsley

Chief Executive Officer, European Markets Division

Mark Hemsley joined BATS in April 2008 as chief executive of the BATS Trading European Markets Division, the company's venture which is scheduled to offer trading in late 2008.

“I am excited to take a pioneering role with a company which has had a tremendous impact on the U.S. market in such a brief period of time. I look forward to building a strong, cohesive team which will live up to the BATS credo of 'Making Markets Better®,'” he said.

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Paul O'Donnell

Chief Operating Officer, European Markets Division

Paul O'Donnell is the chief operating officer of the BATS Trading European Markets Division, joining with Mark Hemsley as the first employees. Mr. O'Donnell joined the team in April 2008.

Mr. O'Donnell was previously an executive director at Morgan Stanley, where he spent 14 years in a variety of positions in information technology and institutional equities in both Japan and the U.S.

“Paul's unique background of market structure analysis, trading strategy development, and technology exemplify the BATS employee profile. We are extremely happy to have Paul on our European team,” Joe Ratterman, BATS' chief executive, said.

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