Despite weeks of daily tests to the ensure company’s systems could handle its own Initial Public Offering, BATS Global Markets promptly noticed that they had a problem last Friday.
“Staff members were quickly dispatched to diagnose and fix the software problem, and within minutes the company had called the SEC to alert the agency,” The New York Times’ DealBook reported. The problem was a “software bug” that blocked orders to buy the stock, according to BATS. Meanwhile, mounting orders to....