Azmo23 - 2014-04-05
The BATS representative does not represent how his exchange works in an accurate manner:
http://blogs.wsj.com/moneybeat/2014/04/03/bats-forced-to-corre ct-statements-by-president-obrien-on-how-its-exchanges-work/
You can hear Katsuyama start to call him out on it "You use the SIP to price trades on Direct Edge,” he said. “That is not true,” Mr. O’Brien says in response, inaccurately.
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