Fee Schedule

BATS Chi-X Europe: BXTR pricing effective 1st January 2015

December 22, 2014 10:49:59

Dear BATS Chi-X Europe Participants,

The purpose of this notice is to inform Participants of changes to the on-exchange trade reporting pricing which will be applicable to multi-party Exchange Trade Reports (ETRs). The new price list is effective Thursday 1st January 2015.

Multi-Party ETR price matrix
Participants use of multi-party ETRs will be charged based on which banding they fall into on a daily basis. The banding is determined by the number of unique symbols a Participant trades in a multi-party capacity, combined with the number of BATS Participants they trade against on a given day. These figures will be aggregated for the month and Participants billed monthly based on the previous month's activity.

Single Party ETRs and off-exchange trade reporting will continue to be charged under the existing pricing schemes.

Please see the link or attached BXTR Price List for full details of the pricing: http://cdn.batstrading.com/resources/participant_resources/BATSEuro_BXTRPricing_Effective.pdf

Please contact the Trade Desk or your Account Manager if you have any questions.

All current and historical BATS Chi-X Europe notices, including symbol universe updates, are available online at www.batstrading.co.uk/alerts.

Trade Desk
BATS Chi-X Europe ... Making Markets Better
P: +44.207.012.8901
E: [email protected]
www.batstrading.co.uk
* BATS Trading Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

BATS Chi-X Europe: Trading and Connectivity Pricing effective 1st January 2015

November 24, 2014 08:33:14

Dear BATS Chi-X Europe customers

The purpose of this notice is to inform customers of changes to the Trading and Connectivity price lists effective Thursday 1st January 2015.

Trading Price List

Following the successful launch of tiered pricing in April 2014, BATS is pleased to introduce a new tiered pricing model for adders and removers of liquidity in all order book securities traded during continuous trading on the CXE Lit Order Book, effective Thursday 1st January 2015. This competitive new pricing model will replace all the existing tiered and subscription pricing on the CXE Lit Order Book including those for UK & Irish, French, Dutch, Belgian and Portuguese securities as well as the stand alone pricing for Spanish securities. All other order book pricing (CXE Dark and all BXE) remains unchanged.

A Participant's total notional value traded across all BXE and CXE Dark and Lit Order Books during continuous trading will be combined to determine the entry point into the new tiers. When calculating the rebate or charge, a Participant's notional value traded in the BXE Dark and Lit Order Books and the CXE Dark Order Book will be considered first. When the Participant's notional value traded reaches one or more tiers, their notional value traded in continuous trading in the CXE Lit Order Book will be rebated or charged at the corresponding tier rate. All other trades will continue to be charged or rebated at the prevailing tariff rates for those books. All notional value traded will be converted into Euros for the purpose of tier calculations. End of month invoices and credit notes will be issued in the Participant's preferred currency.

All Interbook Sweep orders will be subject to the standard trading remove fee of the order book on which the order is executed. Auction executions, once implemented (and subject to regulatory approval), will be subject to a specific tariff that will be independent of the continuous markets tariff and will be confirmed by separate announcement.

Tier monitoring

* The fee value contained in the FIX and BOE execution messages will continue to be calculated on the basis of the lowest rebate tier and standard remove charge. The FIX and BOE specifications are available to download at http://www.batstrading.co.uk/support/

* Trade Liquidity Indicator 9730 will detail whether the trade added or removed liquidity allowing Participant's to calculate their status against the respective tiers in real-time

* BATS will additionally supply a daily "month to date" tiered status report via email

The revised 2015 BATS Chi-X Europe Trading Price List is attached and available to download at http://cdn.batstrading.com/resources/participant_resources/BATSEuro_Pricing_Effective.pdf

Connectivity Price List

Following a series of operating cost changes BATS will be making some amendments to the monthly fees applied for connectivity services. The revised 2015 BATS Chi-X Europe Connectivity Price List is attached and available to download at http://cdn.batstrading.com/resources/participant_resources/BATSEuro_ConnPricing_Effective.pdf

If you have any questions, please contact your Account Manager for further information. All current and historical notices are available online at www.batstrading.co.uk/alerts

Thank you for your continued support.

Trade Desk
BATS Chi-X Europe ... Making Markets Better
P: +44.207.012.8901
E: [email protected]
www.batstrading.co.uk
* BATS Trading Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

BATS Chi-X Europe: Market Data - Fee change notice, effective 1st January, 2015

September 30, 2014 15:04:20

BATS Chi-X Europe: Market Data - Fee change notice

Dear BATS Chi-X Europe Data Recipients

BATS Chi-X Europe would like to inform Recipients of its Market Data that there will be a change to the existing fee tariffs, effective Thursday 1st January 2015. Please note, the structure of the Data pricing and the Market Data Policy remain unchanged.

The revised 2015 BATS Chi-X Europe Market Data Price list is available for download at http://cdn.batstrading.com/resources/participant_resources/BATSEuro_MDPricing_Effective.pdf

Please contact your Account Manager if you have any questions.

All current and historical BATS Chi-X Europe notices, including symbol universe updates, are available online at www.batstrading.co.uk/alerts.

Thank-you for your continued support.

Trade Desk
BATS Chi-X Europe ... Making Markets Better
P: +44.207.012.8901
E: [email protected]
www.batstrading.co.uk
* BATS Trading Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

BATS Chi-X Europe: Order Routing - Fee change notice

September 19, 2014 16:29:48

Dear BATS Chi-X Europe Participants

In order to cover the operational cost of the BATS Select Order Routing Facility, the fee for executions occurring on the London Stock Exchange via this service will change from 0.30bps to 0.45bps, effective 1st October 2014.

The BATS Chi-X Europe Trading Price list is available for download at http://cdn.batstrading.com/resources/participant_resources/BATSEuro_Pricing_Effective.pdf

Please contact the Trade Desk or your Account Manager if you have any questions.

All current and historical BATS Chi-X Europe notices, including symbol universe updates, are available online at www.batstrading.co.uk/alerts.

Thanks for your continued support.

Trade Desk
BATS Chi-X Europe ... Making Markets Better
P: +44.207.012.8901
E: [email protected]
www.batstrading.co.uk
* BATS Trading Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

BATS Chi-X Europe: Onward Routing Pricing Update effective 2nd June, 2014

May 23, 2014 13:54:40

Dear BATS Chi-X Europe Participants

Effective Monday 2nd June 2014, the following amendments to BATS Select onward routing (SOR) fees will be put in place:

* Removal of AMX and SBF 120 index constituents from the NYSE Euronext 0.65 bps charge bracket

* Addition of the AMX and SBF120 index constituents to the NYSE Euronext 4.00 bps charge bracket

These amendments to our routing fees reflect the recent changes made by NYSE Euronext to their trading fee guide where the constituents of these two indices have been removed from the "list 1" group of securities. These changes are reflected in our Trading Price List (pdf) on our website Support page.

Trading Price List: http://cdn.batstrading.com/resources/participant_resources/BATSEuro_Pricing_Effective.pdf

Please contact the Trade Desk or your Account Manager if you have any questions.

All current and historical BATS Chi-X Europe notices are available online at www.batstrading.co.uk/alerts.
Trade Desk
BATS Chi-X Europe ... Making Markets Better
P: +44.207.012.8901
E: [email protected]
www.batstrading.co.uk
* BATS Trading Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

BATS Chi-X Europe: Pricing Effective Retroactively from 1st April 2014

April 02, 2014 17:54:17

Dear BATS Chi-X Europe Customers

Effective retroactively from Tuesday 1st April 2014, BATS is introducing a new pricing model on the CXE Lit Order Book in UK & Irish, French, Dutch, Belgian and Portuguese securities. Depositary Receipts and ETFs within these listing markets are included. All other CXE, BXE and Dark Order Book tariffs remain unchanged.

These changes are in response to higher market volumes and are designed to bring more competitive pricing to more participants, improving market quality and enhancing overall liquidity.

The Add rebate of the pricing model will apply to all Participants. The Remove rate can be either Standard or Subscription based, as selected by the Participant.

CXE Lit Order Book: UK & Irish Securities
Add Monthly Notional Value Traded
First GBP1.5 billion - 0.15 bps add rebate
GBP1.5 to GBP2 billion - 0.175 bps add rebate
GBP2 to GBP3 billion - 0.20 bps add rebate
GBP3 to GBP4 billion - 0.225 bps add rebate
Above GBP4 billion - 0.25 bps add rebate
Remove Packages
Standard Package (Default) - 0.30 bps remove charge
Subscription Package (Optional) - GBP20,000 per calendar month subscription fee and 0.20 bps remove charge

CXE Lit Order Book: French, Dutch, Belgian and Portuguese Securities
Add Monthly Notional Value Traded
First EUR2 billion - 0.15 bps add rebate
EUR2 to EUR2.75 billion - 0.175 bps add rebate
EUR2.75 to EUR3.5 billion - 0.20 bps add rebate
EUR3.5 to EUR4.25 billion - 0.225 bps add rebate
Above EUR4.25 billion - 0.25 bps add rebate
Remove Packages
Standard Package (Default) - 0.30 bps remove charge
Subscription Package (Optional) - EUR25,000 per calendar month subscription fee and 0.20 bps remove charge

Note: Participants will not receive an effective add rebate rate higher than their effective remove charge rate (including any subscription paid) in any given month. In the event that a ParticipantaEUR(TM)s effective rebate rate is higher, then such rate will be reduced to the level of the effective remove charge rate.

All displayed order executions will be included in the Monthly Notional Value calculations (e.g. the displayed portion of a Reserve (Iceberg) order or a Lit Sweep order).

The complete trading price list can be found on our support page here .

Registration process
Participants wishing to participate in either or both of the Subscription packages should sign and send back the Subscription Package form available for download here . Registration must be made within 5 business days of the start of the month from which it will be applied and will automatically roll forward until cancelled. Any cancellation will apply from the start of the following month. Firms applying for the subscription package from Tuesday 1st April 2014 will be able to do so until Monday 7th April 2014.

FIX & BOE
The access fee contained in the FIX and BOE execution messages will be calculated on the basis of the lowest rebate tier and standard remove charge. The FIX and BOE specifications are available for download at http://www.batstrading.co.uk/support/ .

Billing
For the purposes of calculating the tiers and associated pricing, the volumes traded by the Participant and its Affiliates will be considered in aggregate in each calendar month. Trades in securities with currencies other than GBP and EUR will be converted into the tier currencies outlined above. Where notional value traded is aggregated to a group level, BATS Chi-X Europe will detail the level of additional rebates and tiered subscription fee(s) on the monthly invoice submitted to the Participant that pays the Port fees. The ParticipantaEUR(TM)s monthly payment to or receipt from BATS will continue to be converted to and collected in the ParticipantaEUR(TM)s elected currency.

BATS Chi-X Europe reserves the right to amend or extend the tiered pricing set out in this Notice from time to time at its discretion.

If you have any questions, please contact your Account Manager for further information.

All current and historical notices are available online at www.batstrading.co.uk/alerts .

Thank you for your continued support.

Trade Desk
BATS Chi-X Europe ... Making Markets Better
P: +44.207.012.8901
E: [email protected]
www.batstrading.co.uk
* BATS Trading Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.