The BATS representative does not represent how his exchange works in an accurate manner:
http://blogs.wsj.com/moneybeat/2014/04/03/bats-forced-to-corre ct-statements-by-president-obrien-on-how-its-exchanges-work/
You can hear Katsuyama start to call him out on it "You use the SIP to price trades on Direct Edge,� he said. �That is not true,� Mr. O�Brien says in response, inaccurately.