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'Systems Issue' Roils BATS Trades.

Authors :
Driscoll, Michael
Strasburg, Jenny
Patterson, Scott
Bunge, Jacob
Source :
Wall Street Journal - Eastern Edition. 1/10/2013, Vol. 261 Issue 8, pC1-C3. 2p. 1 Color Photograph.
Publication Year :
2013

Abstract

The article discusses the role of stock-exchange operator BATS Global Markets in an issue that occurred on January 9, 2013 that resulted in several thousand stocks being sold below U.S. national best bid and offer price which violates rules set by the Securities and Exchange Commission (SEC). It addresses BATS' response to a systems issue that it claims resulted in the pricing problems, as well as notes technical problems within U.S. stock trading.

Subjects

Subjects :
*STOCK exchanges
*STOCK prices

Details

Language :
English
ISSN :
00999660
Volume :
261
Issue :
8
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
84665826