Bats Says Exchange Fee Cuts Would Save $850 Million for Traders
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Another leading stock exchange operator has a plan to improve the $24 trillion U.S. equity market.
Bats Global Markets Inc. suggested a reduction in fees for buying and selling some stocks that could produce industry savings exceeding $850 million for the most-active shares, according to a statement today. The Lenexa, Kansas-based company also said there should be a review of how brokers report where they send stock orders and what standards they use in making those decisions.