Tattletales Wanted: To Nab Market Spoofers, Exchange Seeks Help
- Bats adds community watch to advance promise to police markets
- Exchange has adopted rules to crack down on spoofing faster
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Bats Global Markets Inc., one of the three big operators of U.S. stock exchanges, wants brokers to start snitching on their peers when they suspect market manipulation.
Through a new initiative it likens to a neighborhood watch, Bats will encourage brokers to report suspicious price quoting and trading in its U.S. equities and options markets. The company handles about one-fifth of stock trading in America.