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Let the damage control begin. After taking a number of body punches yesterday for their thousands of Reg NMS and Reg SHO violations, BATS tried to defend themselves. Their CEO tried to calm the investment community concerns about the integrity of their exchange:
“This is part of the business of being an exchange in an electronic environment,” chief executive Joe Ratterman said in a Dow Jones interview .
BATS was also quick to blame certain rules of the market for their troubles:
“I think you could do away with a significant amount
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