BATS halts electronic trading platform

Stop!!! Colin Brough

The Kansas-based stock exchange BATS Global Markets announced Thursday that trading had halted on one of its two electronic trading platforms, the BATS BYX Exchange, which accounts for about 2% of all stock trading in the U.S.

BATS' Latest Issue Bad for Electronic Trading

Depressed - Head In Hands

Stock exchange BATS (the third largest stock exchange) reported that they overcharged members $420,000 from 2008 to 2012 for certain orders. BATS allowed some short-sale trades that in some cases were not executed at the best available price, as required by securities laws.