``BATS Global Markets Inc, the second-largest U.S. exchange operator by volume, is in advanced talks with regulators to settle allegations that it gave unfair advantages to high-speed traders, the Wall Street Journal reported, citing people familiar with the matter. Any deal would mark the first regulatory action out of a nearly three-year investigation by the U.S. Securities and Exchange Commission into whether some exchanges offered certain types of orders that gave sophisticated traders an edge over other investors, the Journal said''

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