Baseball clubs

This time we are looking on the crossword puzzle clue for: Baseball clubs.
it’s A 14 letters crossword definition.
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Possible Answers:

BATS.

Last seen on: –LA Times Crossword 27 Sep 21, Monday
LA Times Crossword 27 Sep 21, Monday

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.

BATS on Wikipedia