Bats Global Markets has passed an important milestone in its merger with Chi-X Europe by combining the operator and its own European venue onto a single technology platform, and has already set its sights on further developments, including in the Spanish market.

The integration came less than two months after a technical glitch prevented the Bats' plans to float on its own exchange. The IPO, scheduled for March 23, was to mark the launch of Bats' listings market, and the rise of the tech-savvy operator into a full-service exchange.