Bats Granted SEC Approval to Combat Manipulative Market Behavior
Posted: Mon Feb 22, 2016 7:03 pm
Bats Global Markets (Bats) has just received formal approval from the US’ Securities and Exchange Commission (SEC) for the passage of the Bats Client Suspension Rule, which helps facilitate more steadfast action on behalf of the group against manipulative market behavior, according to a Bats statement.
Many exchanges have dealt with a litany of issues such as spoofing and layering, albeit to varying degrees, however Bats’ efforts have been rewarded by the SEC as it has taken more concerted steps to prohibit manipulative behavior on its exchanges. The Rule itself, approved last week on February 18, 2016, is noteworthy as ... (read more)