BATS fears rule would create unfair competition in options markets

BATS Global Markets Inc. is waging a battle to stop a new rule proposed to the Securities and Exchange Commission, saying it would create an unfair advantage for legacy options exchanges at the expense of newer options traders like BATS. The Options Clearing Corp. (OCC) is the entity trying to enact the change in rules with the SEC. The new rule would allow the OCC to raise additional capital to stay in compliance with new regulatory standards and create a “business risk buffer” to handle times…