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BATS trading system takes a sh*t on first public trading day

The now comically-named Better Alternative Trading System (BATS), a six year old equity exchange, made a catastrophic public debut by hugely mispricing stock prices, including their own and Apple, before shutting down early.

As a database programmer, I find it difficult to fathom how a system that supposedly had been functioning for years suddenly self-destructs.

I’m quite sure the SEC will take a stern look at this mess, slap a few wrists, then go back to snoozing again. God forbid they should shut down these incompetent monkeys.

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