Lenexa-based BATS Global Markets filed a new rule with the Securities and Exchange Commission that would allow the company to take swifter action against clients that engage in market manipulation.
The BATS Client Suspension Rule would enable the company to act against clients that use electronic trading tactics such as spoofing or layering to manipulate stock prices. In spoofing and layering, stock traders submit large bids in an effort to trick the market into thinking a stock price is more likely…
Lenexa-based BATS Global Markets filed a new rule with the Securities and Exchange Commission that would allow the company to take swifter action against clients that engage in market manipulation.
The BATS Client Suspension Rule would enable the company to act against clients that use electronic trading tactics such as spoofing or layering to manipulate stock prices. In spoofing and layering, stock traders submit large bids in an effort to trick the market into thinking a stock price is more likely…