Updated with commentary from the Securities and Exchange Commission and BATS
NEW YORK (TheStreet) -- Trading glitches at the high-speed electronic exchange BATS Global Markets (BATS) forced the withdrawal of the company's IPO Friday along with a dramatic, brief halt in Apple's (AAPL) shares.
The blowup could revive inquiries into high-speed trading almost two years after a "Flash Crash" roiled global stock markets.
"You would have thought this would be BATS' greatest day in their history; it's ended up to be a nightmare," says Scott Sweet, senior managing director at IPO Boutique.A BATS spokesperson said that the company currently has no new IPO plans. The company's failed listing on its own exchange also casts doubt over the ability for private exchanges to handle share offerings. "Their aspiration of getting into IPOs has certainly taken a very hard knock," Sweet said.
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