BATS Error Not Enough To Spark SEC Trading Reform

Law360, New York (January 11, 2013, 9:16 PM EST) -- A software glitch revealed Wednesday by BATS Global Markets Inc. marked the latest in a string of high-speed trading errors, but it still may not be the tipping point that some hope to bring about long-awaited reforms by the U.S. Securities and Exchange Commission, attorneys said.

BATS, one of the country’s largest exchange operators, said an error had affected thousands of equities trades between October 2008 and Jan. 4, 2013. The company’s software systems failed to spot better prices on other markets, meaning customers did not...
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