Bats Withdraws IPO, on Hold for Foreseeable Future

Bats Withdraws IPO, on Hold for Foreseeable Future Play

March 26 (Bloomberg) -- 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."

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