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BATS Files Client Suspension Rule to Expedite Action against Customers Engaging in Layering and Spoofing

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KANSAS CITY & NEW YORK--(BUSINESS WIRE)--BATS Global Markets (BATS) today filed with the Securities and Exchange Commission the BATS Client Suspension Rule, which would enable the company to take swifter action to prohibit manipulative behavior, such as spoofing and layering, on the BATS Exchanges. Manipulative behavior such as layering and spoofing, can take an unacceptable amount of time to stop under the current disciplinary process. Pending SEC approval, the BATS Client Suspension Rule woul

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