Tradedesk Updates

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Last Updated 12:28:57 GMT

Bats EDGX Options Exchange Bats Auction Mechanism (“BAM”) Updated Release Schedule

December 29, 2016

Bats EDGX Options Exchange will release the Bats Auction Mechanism (“BAM”) in production with a phased rollout schedule beginning Wednesday, January 04, 2017 (pending SEC approval).

Bats Options Update of BOE Bulk Order Messages

December 01, 2016

In an effort to improve internal message efficiency for BOE Bulk Orders on the BZX Options and EDGX Options Exchanges, effective Monday, December 5, 2016, Members may notice preservation of the original Exchange OrderID on Bulk Order updates containing both a non-zero Price and non-zero OrderQty. Current behavior results in a new Exchange OrderID for every Bulk Order update.

BAM Release Postponed Pending SEC Approval

November 25, 2016

Bats EDGX Options Exchange will postpone the release of the Bats Auction Mechanism (“BAM”) pending SEC approval.

Bats EDGX Options Exchange Bats Auction Mechanism (“BAM”) Updated Release Schedule

November 10, 2016

Bats EDGX Options Exchange will release the Bats Auction Mechanism (“BAM”) in production with a postponed phased rollout schedule beginning Monday, November 28, 2016, (pending SEC approval).

Bats EDGX Options Update to Daily/Monthly Trade Detail Files

October 27, 2016

Effective Friday, October 28, 2016, all EDGX Options monthly Trade Detail and daily Trade Data files downloaded via the Member Web Portal will begin propagating six additional columns to the end of the file.

Final Reminder: Bats Options to Discontinue FIX Version 1 Support Effective October 28, 2016

October 24, 2016

As previously announced, Bats BZX Options Exchange and EDGX Options Exchange will discontinue support FIX v1 effective at the conclusion of the trading session on Friday, October 28, 2016. Click the title for more details.

Reminder: Bats Options to Discontinue FIX Version 1 Support Effective October 28, 2016

October 17, 2016

As previously announced, Bats BZX Options Exchange and EDGX Options Exchange will discontinue support FIX v1 effective at the conclusion of the trading session on Friday, October 28, 2016. Click the title for more details.

Reminder: Bats Options to Discontinue FIX Version 1 Support Effective October 28, 2016

October 06, 2016

As previously announced, Bats BZX Options Exchange and EDGX Options Exchange will discontinue support FIX v1 effective at the conclusion of the trading session on Friday, October 28, 2016. Click the title for more details.

Final Reminder: Bats to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016

September 27, 2016

As previously announced, Bats BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective at the conclusion of the trading session on Friday, September 30, 2016. Bats BZX Options Exchange and EDGX Options Exchange will also discontinue support for BOE v1 effective Friday, September 30, 2016. Additionally, BZX Options Exchange and EDGX Options Exchange will discontinue support for FIX v1 effective at the conclusion of the trading session on Friday, October 28, 2016. Click the title for more details.

Reminder: Bats to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016 and October 28, 2016

September 20, 2016

Bats BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective Friday, September 30, 2016. Bats BZX Options Exchange and EDGX Options Exchange will discontinue support for BOE v1 effective Friday, September 30, 2016. BZX Options Exchange and EDGX Options Exchange will discontinue support for FIX v1 effective Friday, October 28, 2016. Click the title for more details.

Bats BZX Options Exchange Matching Engine Schedule Update

September 16, 2016

Bats BZX Options Exchange will be migrating to a new Matching Engine starting Tuesday, September 20. Please click on the title for complete details.

Reminder: Bats BZX Options Exchange Matching Engine Update

September 15, 2016

As previously announced, Bats BZX Options Exchange will be migrating to a new Matching Engine starting Monday, September 19. The same Matching Engine code base has been in use on EDGX Options Exchange since inception. This migration should be seamless to existing BZX Options Members and expected changes between the old and new Matching Engine have been outlined below as has the anticipated rollout schedule.

Bats EDGX Options Exchange Announces Availability of Bats Auction Mechanism (“BAM”) Testing in Certification Effective Immediately

September 15, 2016

As previously announced, Bats EDGX Options Exchange will release the Bats Auction Mechanism (“BAM”) in production as a phased rollout beginning Friday, November 11, 2016, (pending SEC approval). Bats is pleased to announce the early availability of BAM in the EDGX Options certification environment. BAM is therefore available for testing effective immediately. Please click on the title for complete details.

Reminder: Bats to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016 and October 28, 2016

September 13, 2016

Bats BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective Thursday, September 30, 2016. Bats BZX Options Exchange and EDGX Options Exchange will discontinue support for BOE v1 effective Thursday, September 30, 2016. BZX Options Exchange and EDGX Options Exchange will discontinue support for FIX v1 effective Friday, October 28, 2016. Click the title for details

Bats EDGX Options Exchange Step-Up Mechanism Auction Functionality Updated September 7, 2016

September 06, 2016

Based on Member feedback, effective Wednesday, September 7, 2016 Bats EDGX Options Exchange will update the exposure period for the recently released Step-Up Mechanism (SUM) Auction from 20 milliseconds (ms) to 50 ms.

Reminder: Bats to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016 and October 28, 2016

September 06, 2016

Bats BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective Thursday, September 30, 2016. Bats BZX Options Exchange and EDGX Options Exchange will discontinue support for BOE v1 effective Thursday, September 30, 2016. BZX Options Exchange and EDGX Options Exchange will discontinue support for FIX v1 effective Friday, October 28, 2016. Click the title for details.

Bats EDGX Options Exchange Bats Auction Mechanism (“BAM”) Available November 11, 2016

September 02, 2016

As previously announced, Bats EDGX Options Exchange is pleased to release the Bats Auction Mechanism (“BAM”) as a phased rollout beginning Friday, November 11, 2016, (pending SEC approval).

Reminder: Bats to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016 and October 28, 2016

August 29, 2016

Bats BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective Thursday, September 30, 2016. Bats BZX Options Exchange and EDGX Options Exchange will discontinue support for BOE v1 effective Thursday, September 30, 2016. BZX Options Exchange and EDGX Options Exchange will discontinue support for FIX v1 effective Friday, October 28, 2016. Click the title for more details.

Reminder: Bats to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016 and October 28, 2016

August 17, 2016

Bats BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective Thursday, September 30, 2016. Bats BZX Options Exchange and EDGX Options Exchange will discontinue support for BOE v1 effective Thursday, September 30, 2016. BZX Options Exchange and EDGX Options Exchange will discontinue support for FIX v1 effective Friday, October 28, 2016. Click the title for more details.

Bats EDGX Options Exchange Introduces Bats Auction Mechanism (“BAM”) Available November 11, 2016

August 09, 2016

Bats EDGX Options Exchange is pleased to announce the release of the Bats Auction Mechanism (“BAM”) available effective Friday, November 11, 2016, (pending SEC approval).

Bats BZX Options Exchange Matching Engine Update

August 04, 2016

Please be advised that Bats BZX Options Exchange will be migrating to a new Matching Engine in September. The same Matching Engine code base has been in use on EDGX Options Exchange since inception. This migration should be seamless to existing BZX Options Members and expected changes between the old and new Matching Engine as well as the anticipated rollout schedule can be found by clicking on the title.

Reminder: Bats to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016 and October 28, 2016

August 03, 2016

Bats BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective Thursday, September 30, 2016. Bats BZX Options Exchange and EDGX Options Exchange will discontinue support for BOE v1 effective Thursday, September 30, 2016. BZX Options Exchange and EDGX Options Exchange will discontinue support for FIX v1 effective Friday, October 28, 2016. Click the title for more details.

Reminder: Bats to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016 and October 28, 2016

July 15, 2016

Bats BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective Thursday, September 30, 2016. Bats BZX Options Exchange and EDGX Options Exchange will discontinue support for BOE v1 effective Thursday, September 30, 2016. BZX Options Exchange and EDGX Options Exchange will discontinue support for FIX v1 effective Friday, October 28, 2016. Click the title for more details.

Reminder - Bats EDGX Options Exchange Step-Up Mechanism Auction Functionality Available July 11, 2016

July 05, 2016

Bats EDGX Options Exchange is pleased to announce new auction functionality. Effective Monday, July 11, 2016, (pending SEC approval) a Step-Up Mechanism (SUM) auction will be introduced to the EDGX Options Exchange.

Bats EDGX Options Exchange to Eliminate Display Price Sliding Functionality Effective July 11, 2016

June 13, 2016

Bats EDGX Options Exchange will eliminate the Display Price Sliding functionality effective Monday, July 11, 2016 (pending SEC approval).

Bats Options Exchanges to Enhance Risk Functionality Capabilities Effective June 17, 2016

June 07, 2016

Bats is pleased to announce enhanced risk functionality for Bats BZX Options Exchange and EDGX Options Exchanges available effective Friday, June 17, 2016. Enhanced risk functionality will include the capability for Members to opt-in to exchange defined Fat Finger protection default settings, opt-in to Market Maker Reject if Cancel on Disconnect Disabled functionality and allow for implementation of default Post Trade Risk protection settings to account for situations where an OSI Root configuration has not been implemented. Please click on the title for complete details.

Bats Fat Finger Protection Update

May 24, 2016

Effective Friday, June 10, 2016, all Bats Exchanges will utilize the updated Fat Finger logic. Please click on the title for complete details.

Bats EDGX Options Exchange Step-Up Mechanism Auction Functionality Available Effective July 11, 2016

May 17, 2016

Bats EDGX Options Exchange is pleased to announce new auction functionality. Effective Monday, July 11, 2016, (pending SEC approval) a Step-Up Mechanism (SUM) auction will be introduced to the EDGX Options Exchange. Please click on the title for complete details.

Bats Announces Automated Threshold Alerts for Credit Limit Risk Management

May 06, 2016

The Bats Exchanges are pleased to announce Automated Threshold Alerts for Aggregated Credit Limit Risk Management effective Friday, May 13, 2016. Aggregated Credit Limit Risk checks allow Members to specify a maximum notional exposure limit. The new Automated Threshold Alerts will allow Members to specify percentages of the notional limit that when breached will send an email notification to a user created list of recipients. Click the title for more information.

Bats EDGX Options Exchange and BZX Options Exchange Display Price Sliding and Price Adjust Update Effective May 16, 2016

May 03, 2016

Bats BZX Options and EDGX Options Exchanges will make the following changes to the existing Display Price Sliding (DPS) and Price Adjust order functionality.

Reminder: Bats US Equities/Options Multicast Depth of Book (PITCH) Specification Update Effective Tuesday, March 29, 2016

March 28, 2016

Bats will be extending the Add Order (expanded) message in the Multicast Depth of Book (PITCH) specification to include a new Customer Indicator field effective Tuesday, March 29, 2016. On the effective date, the new field will be present on Multicast PITCH on BYX Exchange, BZX Exchange, EDGA Exchange, EDGX Exchange, BZX Options and EDGX Options. Please click on the title for complete details.

Bats US Equities/Options Multicast Depth of Book (PITCH) Specification Update Schedule Modified for Release Effective Tuesday, March 29, 2016

March 11, 2016

Bats will be extending the Add Order (expanded) message in the Multicast Depth of Book (PITCH) specification to include a new Customer Indicator field effective Tuesday, March 29, 2016. On the effective date, the new field will be present on Multicast PITCH on BYX Exchange, BZX Exchange, EDGA Exchange, EDGX Exchange, BZX Options and EDGX Options.

Bats Announces Restatement Support for Price Sliding

February 25, 2016

The Bats Exchanges are pleased to announce restatement messaging support for price sliding that will be available starting March 10th, 2016. Restatement messages are sent for certain defined changes to the state of an order at Bats. Starting on the effective date, restatement messages will be sent in response to price sliding events. Please click on the title for complete details including a roll-out schedule.

Bats US Equities/Options Multicast Depth of Book (PITCH) Specification Update Postponed to Tuesday, March 15, 2016

February 24, 2016

BATS will be extending the Add Order (expanded) message in the Multicast Depth of Book (PITCH) specification to include a new Customer Indicator field effective Tuesday, March 15, 2016 (UPDATED) for all US Exchanges. Additionally, the Customer Capacity identifier is moving to the new field on the effective date for EDGX Options and will be introduced to BZX Options (pending filing with the SEC). Please click on the title for complete details.

Update from Bats Global Markets: New Logo and Naming Conventions

February 19, 2016

Dear Bats Customers and Members of the Trading Community, Today we are announcing a new logo, as well as updates to our company and market center naming conventions. We believe the changes reflect the company we are today. Please click on the title for complete details.

Reminder: BZX Options Symbol Distribution Rebalance and Options Risk Management Updates Effective February 8, 2016 with Weekend Test Opportunity

February 03, 2016

As previously announced, effective Monday, February 8, 2016 (BZX Options) significant changes related to the BATS Options Risk Management functionality will be introduced that will require member attention. Members can presently test required changes in the BATS Options Certification environments. Details regarding changes and updates required by Options Members are available by clicking on the title.

Reminder: EDGX Options Symbol Distribution Rebalance and Options Risk Management Updates Effective February 1, 2016 with Weekend Test Opportunity

January 27, 2016

As previously announced, effective Monday, February 1, 2016 (EDGX Options) and Monday, February 8, 2016 (BZX Options) significant changes related to the BATS Options Risk Management functionality will be introduced that will require member attention. Members can presently test required changes in the BATS Options Certification environments. Details regarding changes and updates required by Options Members can be found by clicking on the title.

BATS Announces U.S. Options FIX Specification Update to Support Version 2 Routing

January 26, 2016

BATS is pleased to announce that the BATS U.S. Options FIX version 1 (v1) specification has been deprecated effective immediately in favor of the BATS U.S. Options FIX version 2 (v2) Specification. With respect to the FIX v2 specification, BZX Options Exchange and EDGX Options Exchange Members should be aware of the following highlights related to Routing. Outside of a few changes related to routing tags, the FIX v2 specification is backwards compatible with the FIX v1 specification. Please click on the title for complete details.

BATS US Equities/Options Multicast Depth of Book (PITCH) Specification Update Effective Tuesday, March 1, 2016

January 22, 2016

BATS will be extending the Add Order (expanded) message in the Multicast Depth of Book (PITCH) specification to include a new Customer Indicator field effective Tuesday, March 1, 2016 for all US Exchanges. Additionally, the Customer Capacity identifier is moving to the new field on the effective date for EDGX Options and will be introduced to BZX Options (pending filing with the SEC). Please click on the title for complete details.

UPDATE: BATS Options Exchange 5G-Shaped Multicast PITCH Feeds Available Effective Friday, January 22, 2016

January 14, 2016

As previously announced, BZX Options Exchange and EDGX Options Exchange will be introducing 5 Gigabit-Shaped (5G-Shaped) Multicast PITCH feeds within the NY4/NY5 datacenters (Secaucus) effective Friday, January 22, 2016. These new feeds will allow for an optimal distribution of data in situations where market data is susceptible to throttling as a result of high message burst rates. Note that in order to receive 5G-Shaped Multicast PITCH data, Members and Market Data Recipients will be required to have 10G connectivity dedicated to BATS Options exchanges. Please note that the source addresses have been updated since the original release notice was distributed. Please click on the title for complete details.

BATS BZX/EDGX Symbol Distribution Rebalance and Options Risk Management Updates

January 07, 2016

As previously announced, effective Monday, February 1, 2016 (EDGX Options) and Monday, February 8, 2016 (BZX Options) significant changes related to the BATS Options Risk Management functionality will be introduced that will require member attention. Members will be able to begin testing required changes in the BATS Options Certification environments as early as Friday, January 8, 2016. Details regarding changes and updates required by Options Members are as follows.

BATS to Discontinue FIX Version 1 and BOE Version 1 Support Effective September 30, 2016

January 06, 2016

BATS BYX Exchange and BZX Exchange will discontinue support of the BOE v1 and FIX v1 order entry protocols effective Thursday, September 30, 2016. BZX Options Exchange will also discontinue support for BOE v1 effective Thursday, September 30, 2016. Please click the title for more details