NEW YORK — The CEO of BATS Global Markets is offering a public apology for withdrawing his company’s initial public offering after an embarrassing computer glitch.
“BATS experienced a serious technical failure Friday morning and I want to apologize for not measuring up,” said Joe Ratterman, CEO of BATS in a mass email addressed to customers and members of the trading community.
In the email sent Sunday evening, Mr. Ratterman wrote of his and BATS humiliation.
“On Friday we were under the brightest spotlight imaginable . opening our own stock on our own exchange for the first time ever. It doesn’t get much more public than that,” said Mr. Ratterman. “It shouldn’t have failed, but it did, and the timing couldn’t have been worse.”
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.