Bats EDGX Options

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Bats EDGX Options
Founded 2015
Products Options trading

Bats EDGX Options is the second options exchange owned by Bats Global Markets, launched on November 2, 2015. [1]

EDGX Options is based on a customer priority/pro rata allocation model and is designed to complement BATS' BZX Options market, which is a pure price-time priority market. With the launch of EDGX Options, BATS hoped to compete for a new segment of order flow that does not trade on the price-time markets that BATS operates. The pro rata market accounts for about two-thirds of the trading in the overall U.S. options market.[2]

EDGX Options is located in the Equinix NY5 data center, where the other BATS U.S. equities and option markets and its institutional foreign exchange ECN, Hotspot, are located. Members can begin connecting to the new market on August 17, 2015.

Bats said it expects that all of the industry’s multiply-listed options will be available for trading on EDGX Options.

History

Bats first filed with the SEC to launch EDGX as a second options exchange on April 16, 2015 [3] and received SEC approval for the exchange on August 10, 2015.

Products and Services

Key People

References

  1. BATS Receives SEC Approval to Launch EDGX Options Market. BATS Global Markets.
  2. BATS gets green light for new options market offering. Kansas City Business Journal.
  3. Bats to launch its 2nd, industry’s 13th, options exchange. Press Release via MarketsMedia.