Bloomberg News

Bats CEO Ratterman Apologizes for IPO Fiasco

March 26, 2012

Bloomberg's Dominic Chu reports that Joe Ratterman, the chief executive officer of Bats Global Markets Inc., canceled the March 23 IPO after a computer malfunction kept Bats from trading on its own platform and forced a halt in Apple Inc., the world’s biggest company by market value. Transactions in Apple and trades for more than 1 million Bats shares were later canceled. He speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

Running Time: 03:34

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