BATS Raises $45 Million

BATS Trading Inc., a Kansas City-based electronic exchange, has raised $45 million in second-round funding led by Citigroup. The company had launched in mid-2005 with around $40 million from Credit Suisse, Getco, Lehman Brothers, Lime Brokerage, Merrill Lynch, Morgan Stanley and Wedbush. Some of those firms reinvested in the new round.