Fee Schedule

Regulatory Transaction Fee Rate Adjustment per SEC Section 31 Rate Change Effective Friday, January 21, 2011

December 23, 2010

This Circular is being issued to inform you that in Fee Rate Advisory #5 for Fiscal Year 2011, the SEC announced that effective Friday, January 21, 2011 the Section 31 transaction fee rate applicable to securities transactions on the exchanges and over-the-counter markets will increase to $19.20 per million dollars. For more information, please click on the title.

Reminder: BATS Options Exchange Unveils NBBO Setter Rebates and an Updated Fee Schedule Effective Monday, January 3rd 2011

December 22, 2010

Reminder that BATS is launching a new pricing model in its options market that increases the rebates across the board, while lowering the cost of removing liquidity for customers. The new BATS Option pricing model includes new routing pricing and an NBBO setter rebate. Members will have the ability to opt-in to functionality (by contacting the BATS Trade Desk) that will allow them to identify their executions from orders that set the NBBO by examining the 2nd character position of FIX tag 9730. For more information, please click on the title.

BATS December U.S. Market Update

December 16, 2010

Dear BATS Customers and Members of the Trading Community, In this edition of the BATS U.S. Market Update, youll find the following: 1. BATS BYX Exchange Still Growing at BATS Speed 2. REMINDER: BATS Options Innovative NBBO Setter Rebate & Aggressive New Pricing January 3, 2011 3. Faster Access to BATS via 10 Gigabit Connections 4. BATS Real Time Latency Monitoring Service New Offering February 1, 2011 5. Parallel Smart Order Routing Update For complete details, please click on the title.

BATS Options Exchange Unveils NBBO Setter Rebates and an Updated Fee Schedule Effective Monday, January 3rd 2011

December 13, 2010

BATS is launching a new pricing model in its options market that increases the rebates across the board, while lowering the cost of removing liquidity for customers. The new BATS Option pricing model also includes new routing pricing and an NBBO setter rebate. For more information, please click on the title.

BATS November Newsletter: Options Update

November 24, 2010

Options Update

BATS October U.S. Markets Update and Pricing November 1, 2010

October 25, 2010

Dear BATS Customers and Members of the Trading Community, In this edition of the BATS U.S. Market Update, you will find the following: 1. BATS BYX Exchange Launch Successfully Completed 2. BATS BZX Exchange Pricing Change Effective November 1, 2010 (Pending SEC Approval) 3. BYX Exchange SOR Includes New Routing Strategies 4. BATS Options Update 5. Options Risk Management Tools For complete details, please click on the title.

BATS Options Exchange (BZX) Pricing Changes and Routing Enhancements Effective October 1, 2010

September 16, 2010

BATS Exchange is pleased to announce improved routing redundancy, simple and aggressive routing fees and parallel smart order routing for the BATS Options Exchange (BZX). For more information, please click on the title.

BATS Options Exchange (BZX) Routing Fee Schedule Update - Effective Wednesday, September 1, 2010

August 31, 2010

BATS Options Exchange (BZX) will eliminate all pass through charges associated with clearing fees incurred by the Exchange when an options order is routed and executed at an away market on behalf of an Options Member (subject to filing with the SEC). Click title for complete release notes.

BATS Options Exchange (BZX) Reminder and Fee Schedule Update

May 28, 2010

BATS would like to remind members that effective today it will be accepting orders in series covering all listed underlying securities. BATS has also updated the Options Fee Schedule to clarify that clearing fees resulting from routed trades will be passed through to Options Members. For complete release notes, click here.