The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fidelity's National Financial Shrugs Off BATS Flap Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, March 26, 2012

Fidelity's National Financial Shrugs Off BATS Flap

News summary by MFWire's editors

Fidelity and other financial services firms are shrugging off glitches in an alternative stock exchange.

Reuters reports that on Friday BATS Global Markets launched and then reversed its initial public offering on its own exchange, with the retraction coming after software glitches stopped trades in Apple's shares and pushed BATS' own shares to zero.

Fidelity Investments did not comment to the wire service on whether or not its giant National Financial clearing unit will continue to use BATS. National Financial used BATS for up to 11 percent of customer orders last quarter, according to Reuters.

"Fidelity has many venues available to our traders, so this will have no effect on us. We monitor the connections to, and the performance of, all trading systems that we interact with," the mutual fund company said in a statement.

Other BATS users include Goldman Sachs and Credit Suisse 

Edited by: HFD

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use