Fee Schedule

BATS Options Exchange Pricing Update Effective January 3rd, 2012

December 15, 2011

Effective Tuesday, January 3, 2012, BATS Options will be adjusting pricing, (subject to filing with the SEC). As part of this pricing update, BATS is pleased to introduce a "grow with us" pricing program that will reward members who increase their trading activity on BATS Options on a monthly basis. For full details, please click on the title.

BATS Options Implementing Port Fees Effective January 3, 2012

December 06, 2011

Subject to a rule filing with the SEC, BATS BZX Options Exchange will begin charging $400 per month per logical port for all production BOE, FIX, and Drop ports effective Tuesday, January 3, 2012. Logical ports with bulk-quoting capabilities will continue to be assessed a fee of $1000 per month per logical port. Multicast PITCH customers will be provided one logical GRP port and one set of 32 Multicast PITCH Spin Server ports for free. Additional GRP ports and sets of 32 Spin Server ports will be charged at $400 per month. Please click on the title for full details.

BATS Options Routing Pricing Update Effective Thursday, December 1, 2011

November 30, 2011

In response to a recent competitor pricing update, BATS Options is updating routing pricing to C2 for Customer capacity orders effective December 1st.

BATS U.S. October 2011 Market Update

October 31, 2011

In this October 2011 edition of the BATS U.S. Market Update: 1. BATS Listings Launching in One Month 2. U.S. Equities Three Highest Market Share Months in Our History 3. BATS Options At an Inflection Point 4. BATS Europe Provisional Approval to Acquire Chi-X Europe 5. Market Volatility and Market Data Growth For complete details, please click on the title.

Reminder: BATS Options Professional Customer Order Marking Requirement and Fee Schedule Update Effective November 1, 2011

October 24, 2011

BATS would like to remind all Options Members that per BZX Regulatory Circular 11-005, BATS will be introducing the Professional customer capacity effective Tuesday, November 1, 2011. Additionally, the quoting requirements for the QIP program have been reduced effective the same date. For full details, please click on the title.

BATS Options September Newsletter

September 23, 2011

In this September 2011 edition of the BATS Options Market Newsletter: 1. A Little Bit of Volatility Goes a Long Way 2. Driving Competitive Behavior Through Incentives 3. BATS Technology Bulk Updates and More For complete details, please click on the title.

Reminder: BATS Options Releases Binary Order Entry (BOE) with Bulk Order Update Support Effective August 12, 2011

August 11, 2011

BATS would like to remind Members that Bulk Order support will be made available for Binary Order Entry (BOE) in BATS Options effective Friday, August 12, 2011. Please click on the title for more information.

BATS Options Exchange Pricing Update Effective August 1, 2011

July 25, 2011

Effective Monday August 1, 2011, BATS Options will be introducing a second Market Quality Incentive and adjusting Standard and Routing pricing, (subject to filing with the SEC). Click the title for more information

BATS U.S. June 2011 Market Update

June 22, 2011

In this June 2011 edition of the BATS U.S. Market Update: 1. BATS BYX Exchange and BATS Options Both Have Experienced Early Success and are Still Growing 2. Improving Market Quality on the BATS BZX Equity Exchange - New Pricing Innovation Announced 3. Reminder: BATS BZX Exchange as a Primary Listing Exchange Coming later this Year 4. Reminder: BATS Latency Feed Innovation Continues For complete details, please click on the title.

BATS U.S. May 2011 Newsletter

June 06, 2011

Looking back on one year in production, there are some things that we got right; things that really worked. There are also some things that we tried that missed the mark. A constant that has run through the past year, one thing that we havent wavered from, and that holds as true today as it ever has is our commitment to making markets better. Click title for more information

BATS U.S. April 2011 Market Update

May 03, 2011

In this edition of the BATS U.S. Market Update, you'll find the following: 1. Limit Up/Down: Worth the Wait 2. NBBO Setter: Incenting the Right Behavior 3. BATS Options Continues Growth 4. Exciting New Initiatives - Listings and BATS Chi-X Europe 5. Monitor Your Performance For complete details, please click on the title.

BATS Options Exchange Pricing Effective April 1, 2011

March 28, 2011

Due to continued success with the NBBO Setter Program, effective Friday April 1, 2011 BATS Options will be updating our NBBO Setter Rebate program. Click on the title for further details.

BATS Options February Newsletter

March 04, 2011

Highlights: 1. NBBO Setter Program 2. Directed Order Program For complete details, please click on the title.

BATS Options Exchange Pricing Update Effective March 1, 2011

February 25, 2011

Due to the success with the NBBO Setter Program, BATS Options is pleased to announce that effective Tuesday March 1, 2011 we will be updating our NBBO Setter rebate program in conjunction with new discount opportunities for removing liquidity. Click on the title for further details.

BATS Options Routing Pricing Update Effective February 1, 2011

January 28, 2011

BATS Options will be adjusting pricing for routed trades effective February 1, 2011. For more information please click on the title.

BATS U.S. January Newsletter

January 18, 2011

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 Options ... NBBO Setter Rebates Take Off 2. Improving Options market structure 3. BYX Exchange moving forward 4. BZX + BYX SOR Routing Strategies Priced at $0.0028, the industry's lowest route rate 5. Faster Access and Latency Monitoring 6. BATS Real Time Latency Monitoring Service - New Offering February 1, 2011 For complete details, please click on the title.