BATS exchange offers plan to boost volume in thinly traded stocks

April 10, 2015 1:35 AM

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NEW YORK, April 9 (Reuters) - BATS Global Markets is proposing to close its doors to thinly traded stocks in an unusual move that aims to increase trading volume in the shares of perhaps 500 to 600 micro- and small-cap companies.

Chief Executive Chris Concannon said Thursday that BATS planned to file a letter with the Securities and Exchange Commission this month that would alter a requirement that stocks listed on the two so-called primary exchanges can be traded elsewhere.

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