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Possible Answers:
BATS.
Last seen on: Mirror Quick Crossword January 15 2023
Random information on the term “Flying mammals”:
In Newtonian physics, free fall is any motion of a body where gravity is the only force acting upon it. In the context of general relativity, where gravitation is reduced to a space-time curvature, a body in free fall has no force acting on it.
An object in the technical sense of the term “free fall” may not necessarily be falling down in the usual sense of the term. An object moving upwards might not normally be considered to be falling, but if it is subject to only the force of gravity, it is said to be in free fall. The Moon is thus in free fall around the Earth, though its orbital speed keeps it in very far orbit from the Earth’s surface.
In a roughly uniform gravitational field gravity acts on each part of a body approximately equally. When there are no other forces, such as the normal force exerted between a body (e.g. an astronaut in orbit) and its surrounding objects, it will result in the sensation of weightlessness, a condition that also occurs when the gravitational field is weak (such as when far away from any source of gravity).
Random information on the term “BATS”:
Bats Global Markets is a global stock exchange operator based in Lenexa, Kansas, with additional offices in London, New York, Chicago, and Singapore. Bats was founded in June 2005, became operator of a licensed U.S. stock exchange in 2008 and opened its pan-European stock market in October 2008. As of February 2016, it operated four U.S. stock exchanges, two U.S. equity options exchanges, the pan-European stock market, and a global market for the trading of foreign exchange products. Bats is now owned by Cboe Global Markets.
The name ‘BATS’ was originally an acronym for “Better Alternative Trading System”.
The company was founded in June 2005 by Dave Cummings, a computer programmer. Cummings said he was inspired to start the company after observing Archipelago Holdings be acquired by the New York Stock Exchange and Instinet be acquired by NASDAQ within a week of each other in 2005. After the launch of Bats, other brokerage firms, hedge funds, and other clients became involved with the company. Cummings publicized the Bats service by sending emails to companies highlighting the niche that could be carved out by trading on platforms other than the big two—NASDAQ and NYSE. The niche that he sought for the company was for it to be “a neutral, private, broker-dealer owned, semi-profitable utility” with no party owning more than 20 percent. He noted that the consolidation of the New York Stock Exchange and NASDAQ eliminated competition and they raised prices for their services. The Bats system was intended to charge less. Among the items it did to draw customers was to offer free listings to companies with shares that traded a certain amount each day.