SEC Should Bless BATS 'Obvious Error' Rule Change: SIFMA

By Zachary Zagger ( January 29, 2015, 7:49 PM EST) -- The Securities Industry and Financial Markets Association came out in support of proposed BATS Global Markets Inc. rule change for nullifying obvious error in option trades, saying the change will harmonize obvious and catastrophic error rules across exchanges, in a comment letter Wednesday to the U.S. Securities and Exchange Commission....

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