Law360, New York (July 30, 2015, 1:45 PM EDT) -- Stock exchange operator BATS Global Markets Inc. on Thursday said it would seek a new rule to more swiftly stop market manipulations such as spoofing and layering, filing a proposal with the U.S. Securities and Exchange Commission.
The BATS Client Suspension Rule would allow the operator to address traders that it believes are unfairly manipulating the market within 15 days of identifying the activity, greatly speeding up a process that has taken years in the past. Executive Vice President and General Counsel Eric Swanson said that the measure is necessary even if it won't be used very often.
"While instances of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!