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Proposed rule change to eliminate CYCLE routing option on BATS Exchange effective September 3, 2013.
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Individuals and entities that are involved in securities trading.
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SR-BATS-2013-041 is a regulatory filing submitted to the SEC by BATS Exchange, which outlines proposed rule changes and amendments pertaining to trading practices.
Entities such as exchanges, broker-dealers, and market makers who are members of the BATS Exchange are required to file SR-BATS-2013-041.
To fill out SR-BATS-2013-041, entities must complete the designated form available on the SEC's website, including necessary disclosures and proposed rule changes.
The purpose of SR-BATS-2013-041 is to propose changes to existing rules and to ensure compliance with regulatory requirements in trading practices and operations.
Information required on SR-BATS-2013-041 includes details of the proposed rule changes, justifications for the changes, and any potential impacts on market participants.
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