March 06, 2014 16:15:10
BATS Options Exchange Post Mortem - Opening Process Postponed Until Friday, March 14, 2014
Please be advised that the brief matching issues experienced on BATS Options Exchange at the open this morning affected nine matching engines and continued until 9:39:25 AM ET. The matching issues were related to a dormant matching engine software issue which would arise only when a series which was opening for trading did not have an NBBO and an order with specific risk instructions was entered in such a series on a matching engine. The root cause of the matching issues has been identified and will be corrected after the close.
Once matching recovery was complete this morning, BATS identified a related issue where OPRA quotes were being disseminated as non-firm for symbol ranges on matching engines affected by the earlier issue. This issue was resolved as of 10:47:14 AM ET.
While the new BATS Options opening process did function as expected for 23 of the 32 matching engines this morning, please note that BATS will revert to the previous opening logic tomorrow and will postpone the release of the new options opening process until Friday, March 14, 2014.
For More Information
Please contact the BATS Trade Desk or your Director of Sales with any questions. We appreciate your continued support of BATS and look forward to earning more of your business. As always, we are committed to our Members and to Making Markets Better as Your Partner in Trading.
BATS Trade Desk