Difference between revisions of "Cboe EDGX Options Exchange"

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{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
| company_name = Bats EDGX Options
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| company_name = Cboe EDGX Options Exchange
 
| company_logo =  <!-- use the syntax: [[Image:imgname.jpg]] for this, or leave it blank -->
 
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| facebook =      <!-- Facebook Page -->
 
| facebook =      <!-- Facebook Page -->
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| homepage =      http://markets.cboe.com/us/options/
 
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Bats EDGX Options is the second options exchange owned by [[Bats Global Markets]], launched on November 2, 2015. <ref>{{cite web|url=http://cdn.batstrading.com/resources/press_releases/EDGX-Options-SEC-Approval-FINAL.pdf|name=BATS Receives SEC Approval to Launch EDGX Options Market|org=BATS Global Markets|date=August 10, 2015}}</ref>
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Cboe EDGX Options Exchange is one of four options markets owned by [[Cboe Global Markets]].  
  
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.<ref>{{cite web|url=http://www.bizjournals.com/kansascity/news/2015/08/10/bats-edgx-options-market-approval.html|name=BATS gets green light for new options market offering|org=Kansas City Business Journal|date=August 10, 2015}}</ref>
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Prior to Cboe acquiring the exchange in the purchase of [[Bats Global Markets]] in 2017, EDGX was the second options exchange owned by [[Bats]]. Then named Bats EDGX Options, it launched on November 2, 2015. It was later rebranded Cboe EDGE Options Exchange.<ref>{{cite web|url=http://cdn.batstrading.com/resources/press_releases/EDGX-Options-SEC-Approval-FINAL.pdf|name=BATS Receives SEC Approval to Launch EDGX Options Market|org=BATS Global Markets|date=August 10, 2015}}</ref>
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EDGX is based on a customer priority/pro rata allocation model and is designed to complement the Cboe BZX Options Exchange, which is a pure price-time, maker-taker model market.
  
 
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.  
 
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 ==
 
== History ==
Bats first filed with the SEC to launch EDGX as a second options exchange on April 16, 2015 <ref>{{cite web|url=http://marketsmedia.com/bats-to-launch-its-2nd-industrys-13th-options-exchange/|name=Bats to launch its 2nd, industry’s 13th, options exchange|org=Press Release via MarketsMedia|date=August 10, 2015}}</ref> and received SEC approval for the exchange on August 10, 2015.
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Bats first filed with the SEC to launch EDGX as a second options exchange on April 16, 2015 <ref>{{cite web|url=http://marketsmedia.com/bats-to-launch-its-2nd-industrys-13th-options-exchange/|name=Bats to launch its 2nd, industry’s 13th, options exchange|org=Press Release via MarketsMedia|date=August 10, 2015}}</ref> and received SEC approval for the exchange on August 10, 2015. With the launch of EDGX Options, Bats hoped to compete for a new segment of order flow that did not trade on the price-time markets that Bats operated. The pro-rata market accounted for about two-thirds of the trading in the overall U.S. options market at the time.<ref>{{cite web|url=http://www.bizjournals.com/kansascity/news/2015/08/10/bats-edgx-options-market-approval.html|name=BATS gets green light for new options market offering|org=Kansas City Business Journal|date=August 10, 2015}}</ref>
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In October 2019, Cboe announced it would launch a new retail program on Cboe EDGX Exchange, adding enhanced execution for individual investors trading US equities. The initiative added order book priority for order submitted on behalf of retail investors. It was due to launch in November 2019.<ref>{{cite web|url=http://ir.cboe.com/press-releases/2019/10-02-2019|name=
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Cboe to Launch Order Book Priority for Retail Investors on EDGX Exchange|org=Cboe|date=October 3, 2019}}</ref>
  
 
== Products and Services ==
 
== Products and Services ==

Revision as of 07:34, 3 October 2019

RCG Division of Marex Spectron-337x80.jpg
Cboe EDGX Options Exchange
Founded 2015
Products Options trading
Website http://markets.cboe.com/us/options/

Cboe EDGX Options Exchange is one of four options markets owned by Cboe Global Markets.

Prior to Cboe acquiring the exchange in the purchase of Bats Global Markets in 2017, EDGX was the second options exchange owned by Bats. Then named Bats EDGX Options, it launched on November 2, 2015. It was later rebranded Cboe EDGE Options Exchange.[1]

EDGX is based on a customer priority/pro rata allocation model and is designed to complement the Cboe BZX Options Exchange, which is a pure price-time, maker-taker model market.

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.

History

Bats first filed with the SEC to launch EDGX as a second options exchange on April 16, 2015 [2] and received SEC approval for the exchange on August 10, 2015. With the launch of EDGX Options, Bats hoped to compete for a new segment of order flow that did not trade on the price-time markets that Bats operated. The pro-rata market accounted for about two-thirds of the trading in the overall U.S. options market at the time.[3]

In October 2019, Cboe announced it would launch a new retail program on Cboe EDGX Exchange, adding enhanced execution for individual investors trading US equities. The initiative added order book priority for order submitted on behalf of retail investors. It was due to launch in November 2019.[4]

Products and Services

Key People

References

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