Friday, March 23, 2012

Bats

  • The stock, which traded on BATS own exchange, had been priced to trade at $16 per share but plunged shortly after trading began. BATS (BATS) also said it was having technical problems with trading in other stocks.
  • (USA Today)
  • Bats Global Markets, the six-year-old equity exchange, canceled its initial public offering Friday, stunning Wall Street after errors on its own computer systems derailed trading in the stock and forced a halt in Apple.
  • (Washington Post)
  • It was a bad day to be BATS, as the newly public companys trading platform experienced a blunder on the highest-profile company in the world-forcing it to withdrawn its IPO on the stocks first day of trading.
  • (Yahoo Finance)
  • Morgan Stanley and banks on Bats Global Markets Inc.'s (BATS) initial public offering may lose $7.1 million in fees after the exchange operator withdrew its IPO, felled by a system crash that hurt Apple Inc. (AAPL) and its own stock.
  • (Businessweek)
  • NEW YORK (Reuters) - The debut of BATS Global Markets Exchange Inc on Friday was overshadowed by a series of blunders, including its own shares erroneously trading for less than a penny and confusing investors.
  • (Yahoo Finance)
  • Friday was supposed to be a big day for BATS Global Markets. The Kansas City-based electronic exchange priced its initial public offering Thursday night and was set to make its market debut.
  • (Forbes)
  • (RTTNews.com) - Equity exchange operator BATS Global Markets Inc. had a messy IPO debut as its shares were halted following faulty price quotes, and a technical glitch at its exchange hurt trading in shares of Apple Inc. (AAPL) and other companies.
  • (NASDAQ)
  • BATS, which operates equities and options exchanges in the US and Europe, announced on Friday afternoon that it was withdrawing its IPO.
  • (NASDAQ)
  • BATS Global Markets says it has resolved the issues on its exchanges for stock symbols ranging from A to BF and that its system is operating normally.
  • (Wall Street Journal)

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