SEC – BATS Deal Sign Of White's Plan In Action

The Securities and Exchange Commission (SEC) is in negotiations with BATS Global Markets, Inc. (BATS:BATS) to settle charges the stock exchange provided high frequency traders unfair advantages, the Wall Street Journal is reporting, citing unnamed sources. The move could the the first major manifestation from SEC Charwoman Mary Jo White's plan to reign in the trading practice.

BATS' O’Brien supports HFT

BATS had a reputation as the most vocal supporter of high frequency trading and its former CEO, William O’Brien, had waged a moral crusade on Twitter and TV...