TMCnet News
BRIEF: Bats offers risk management tools for investorsNov 26, 2012 (The Kansas City Star - McClatchy-Tribune Information Services via COMTEX) -- Bats Global Markets, a Lenexa-based electronic stock exchange operator, on Monday released a series of risk management tools to member investors aimed at maintaining orderly trading. The programs, according to Bats, provide members with "pre-trade risk protection" by allowing users to "set critical parameters for orders and prevent unwanted executions" of trades. One feature, called a kill switch, cancels all open orders and blocks new orders. "We are confident that these risk controls and kill switch functionality will go a long way to responding to customer demand for exchange-specific risk mitigation," Joe Ratterman, president and chief executive of Bats, said in a statement. Ratterman also said his company "remains engaged with the industry in the U.S. and Europe on the potential development of market-wide risk controls that could further improve the markets' safe functioning as well as increase investor confidence in our markets." --The Star ___ (c)2012 The Kansas City Star (Kansas City, Mo.) Visit The Kansas City Star (Kansas City, Mo.) at www.kansascity.com Distributed by MCT Information Services |