January 11, 2013
BATS Reports Numerous Bad Trades Over Four Years
BATS Exchange reported that in the past four years there have been numerous instances where trades were not executed at the best available price. The trades affected about 250 customers and cost about $420,000.
The Wall St. Journal reports on the impact on BATS and more generally on investor confidence in the trading markets and the regulators that regulate them. The SEC reportedly met on Thursday to discuss. WSJ, Now Up to BATS: Damage Control
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