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BATS Global Markets

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BATS Global Markets yesterday withdrew its support for IEX‘s controversial proposal to become a U.S. stock exchange, saying in a letter to regulators that IEX made “gross misrepresentations” about the operations of competitors, including BATS. IEX is the ATS lauded by Michael Lewis in his 2014 book “Flash Boys,” for using a fraction-of-a-second “speed bump” to delay orders to its system in order to mute the advantages enjoyed by high-speed traders. View page

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