Bats suggests cutting fees to improve US equity market
New York
ANOTHER leading stock exchange operator has a plan to improve the US$24 trillion US equity market.
Bats Global Markets Inc suggested a reduction in fees for buying and selling some stocks that could produce industry savings exceeding US$850 million for the most active shares, according to a statement on Tuesday. The Lenexa, Kansas-based company also said there should be a review of how brokers report where they send stock orders and what standards they use in making those decisions.
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