Bats Corrects President’s Comments From Michael Lewis Debate

Days after Bats Global Markets Inc.’s president debated author Michael Lewis on whether the U.S. stock market is rigged, Bats corrected one of the executive’s assertions.

Bats said yesterday that two of its stock exchanges, called EDGA and EDGX, use slower data feeds to price transactions. During the April 1 debate on CNBC, President Bill O’Brien said those markets use the faster direct feeds offered by rival market operators. Bats issued the correction under pressure from New York Attorney General Eric Schneiderman, the Wall Street Journal reported.