6. So, So Very Sorry
Let me get right to the point ... BATS experienced a serious technical failure Friday morning and I want to apologize for not measuring up to the level of excellence that you have come to expect from us.
—BATS CEO Joe Ratterman, in a letter to clients after his firm's IPO flamed out last week
Source: Advanced Trading
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio