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.