SEC approves BATS market-maker rewards program

02/6/2012 | Securities Technology Monitor

BATS Global Markets said the Securities and Exchange Commission approved its Competitive Liquidity Provider program, which rewards market-makers for posting quotes in exchange-traded or stock products. The program "is designed to help improve market quality for issuers, and we are excited to bring this innovative program to market," said BATS Chairman and CEO Joe Ratterman.

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