BANGALORE (Reuters) - JPMorgan Chase & Co (JPM.N) and Deutsche Bank AG (DB.N) (DBKGn.DE) have acquired minority stakes in BATS Trading, an electronic stock trading platform, joining a growing list of Wall Street firms to invest in the company.
BATS disclosed the new investments on Tuesday but did not reveal the terms.
BATS, which says it is the third-largest U.S. equities marketplace, has grabbed market share from larger rivals NYSE Euronext NYX.PA NYX.N and Nasdaq Stock Market Inc (NDAQ.O) by aggressively cutting transaction fees.
BATS was launched in January 2006 and is partly owned by the founder of proprietary trading house Tradebot Systems Inc. It filed for exchange status in November 2007.
Several Wall Street firms have invested in BATS, including Credit Suisse Group Inc CSGN.VX, Lehman Brothers Holdings Inc LEH.N, Merrill Lynch & Co MER.N and Morgan Stanley (MS.N).
Reporting by Dinesh Nair; Editing by John Wallace