Cboe EDGX Options Exchange

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EDGX Options
Founded 2015
Products Options trading

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

EDGX Options will be 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 hopes to compete for a new segment of order flow that does not trade on the price-time markets that BATS currently operates. The pro rata market accounts for about two-thirds of the trading in the overall U.S. options market.[2]

EDGX Options will be 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

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.