Schedule Update

BATS Europe Tick Size update for Friday 27th May, 2011

May 11, 2011 11:54:45

Dear BATS Europe Participants,

Effective Friday 27th May 2011, in conjunction with other European market centres, BATS Europe will amend the tickband to Table 2b for all OBX index constituents. The current and future tick tables for these instruments are as follows:

Current Tick Table:

Table 2

Price Range Tick Size
- - 0.4999 0.0001
0.5 - 0.9995 0.0005
1 - 4.9990 0.0010
5 - 9.9950 0.0050
10-49.9900 0.0100
50-99.9500 0.0500
100 - 499.9000 0.1000
500 - 999.5000 0.5000
1,000 - 4,999.0000 1.0000
5,000 - 9,995.0000 5.0000
10,000 - - 49,990.0000 10.0000
50,000+ - 50.0000

Tick Table effective 27th May 2011:

Table 2b

Price Range Tick Size
- - 0.4999 0.0001
0.5 - 0.9995 0.0005
1 - 1.9990 0.0010
2 - - 4.9980 0.0020
5 - 9.9950 0.0050
10 - 49.9900 0.0100
50 - 99.9500 0.0500
100 - 499.9000 0.1000
500 - 999.5000 0.5000
1,000 - 4,999.0000 1.0000
5,000 - 9,995.0000 5.0000
10,000 - 19,990.0000 10.0000
20,000 - 39,980.0000 20.0000
40,000 - 49,960.0000 40.0000
50,000 - 79,950.0000 50.0000
80,000 - 99,920.0000 80.0000
100,000+ - 100.0000

These changes will be reflected in the PRODUCTION Symbol Reference Data File and Tick Reference Data File as of Friday 27th May 2011, however, the changes will be made available in advance in the BATS Europe Certification Environment as of Friday 20th May, 2011.

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