Tradedesk Updates

Update: BATS TCP and Multicast PITCH Specification Update Postponed Until February 15, 2013

December 20, 2012

Effective Friday, February 15, 2013, BATS BZX Exchange, BYX Exchange and BATS Options will begin sending a new message type for both Multicast and TCP PITCH. All Members taking Multicast or TCP PITCH must be prepared to receive the new message type on the effective date. These messages will be sent at startup each day from BATS BZX Exchange, BYX Exchange, and BATS Options. They may also be distributed in certain recovery events such as a data center fail-over. For complete details including the certification environment release schedule, please click on the title.

Reminder: BATS TCP and Multicast PITCH Specification Update Effective January 18, 2013

December 03, 2012

Effective Friday, January 18, 2013, BATS BZX Exchange, BYX Exchange and BATS Options will begin sending a new message type for both Multicast and TCP PITCH. All Members taking Multicast or TCP PITCH must be prepared to receive the new message type on the effective date. These messages will be sent at startup each day from BATS BZX Exchange, BYX Exchange, and BATS Options. They may also be distributed in certain recovery events such as a data center fail-over. For complete details including the certification environment release schedule, please click on the title.

BATS Risk Based Web Portal Port Controls Available Effective November 26, 2012

November 20, 2012

BATS BYX Exchange, BZX Exchange and BATS Options is pleased to announce the availability of Risk Based Web Portal Port Controls effective Monday, November 26, 2012. These new tools give all Members the ability to make real-time changes to a number of port-level risk attributes through the BATS Member Web Portal. Please click on the title for complete details.

BATS Announces Risk Based Web Portal Port Controls

October 12, 2012

BATS BYX Exchange, BZX Exchange and BATS Options is pleased to announce the availability of Risk Based Web Portal Port Controls effective pending SEC approval. These new tools give all Members the ability to make real-time changes to a number of port-level risk attributes through the BATS Member Web Portal. Please click on the title for complete details.

BATS TCP and Multicast PITCH Specification Update Effective January 18, 2013

September 14, 2012

Effective Friday, January 18, 2013, BATS BZX Exchange, BYX Exchange and BATS Options will begin sending a new message type for both Multicast and TCP PITCH. All Members taking Multicast or TCP PITCH must be prepared to receive the new message type on the effective date. These messages will be sent at startup each day from BATS BZX Exchange, BYX Exchange, and BATS Options. They may also be distributed in certain recovery events such as a data center fail-over. Please click on the title for complete details.

BATS Postpones Support for Multiple Display-Price Sliding to September 12, 2012

September 06, 2012

BATS will enable support for the Multiple Display-Price Sliding opt-in feature effective Wednesday, September 12, 2012 on BATS BYX Exchange, BZX Exchange and BATS Options. Click the title for complete details.

BATS to Enable Support for Multiple Display-Price Sliding Effective September 7, 2012

August 31, 2012

BATS will re-enable support for the Multiple Display-Price Sliding opt-in feature effective Friday, September 7, 2012 on BATS BYX Exchange, BZX Exchange and BATS Options. This feature will be available for Member testing in the BATS certification environments on Wednesday, September 5, 2012.

BATS Support for Multiple Display-Price Sliding Available Effective Friday, August 24, 2012

August 08, 2012

BATS is pleased to announce that Multiple Display-Price Sliding has received SEC approval and will be made available on BATS BYX Exchange, BZX Exchange and BATS Options effective Friday, August 24, 2012. For complete details, please click on the title.

BATS Crossed Market Order Handling Enhancements Postponed until Friday, July 6, 2012

June 28, 2012

On June 19, 2012, BATS announced that BATS BZX Exchange, BYX Exchange, and BATS Options Exchange will be introducing a Crossed Market Collar. The effective date for this feature has been postponed until Friday, July 6, 2012.

BATS Options Exchange to Allow Market Makers to Facilitate Trades in Closing Only Series Effective June 29, 2012

June 26, 2012

Effective Friday, June 29 2012, BATS Options Exchange will begin to allow Market Makers to facilitate trades in Closing Only Series. Please click on the title for complete details.

Final Reminder: BATS Options Exchange Update to Obvious Error Procedures Effective July 2, 2012

June 25, 2012

As previously announced, BATS has released a new Obvious Error (OE) Form within the BATS Member Web Portal. This free tool gives members the ability to quickly provide BATS with all critical review criteria required per Rule 20.6 of the BATS Exchange Rule Book, ensuring all necessary information is received by the BATS Trade Desk in a timely manner.

BATS Announces Crossed Market Order Handling Enhancements Effective June 29, 2012

June 19, 2012

Effective Friday, June 29, 2012, BATS BYX Exchange, BZX Exchange and BATS Options will be introducing a Crossed Market Collar. Additionally, a port level opt-in feature will be made available to Members that will cause new orders to be rejected upon receipt when the market is crossed. Please click title for complete details.

REMINDER: BATS Options Exchange Update to Risk Management Tools Effective June 22, 2012

June 18, 2012

Effective Friday, June 22 2012, BATS Options Exchange will be introducing a change to the Risk Management behavior such that all risk limits will be honored on a best efforts basis. Please click the on the title for complete details.

BATS Options Exchange Update to Risk Management Tools Effective June 22, 2012

June 06, 2012

Effective Friday, June 22 2012, BATS Options Exchange will be introducing a change to the Risk Management behavior such that all risk limits will be honored on a best efforts basis. Please click the on the title for complete details.

REMINDER: BATS Post Only Order Default Behavior to Change Effective June 8, 2012

June 04, 2012

Effective Friday, June 8, 2012, BATS BYX Exchange, BZX Exchange and BATS Options will be introducing a change to the default behavior of Post Only Orders. On the effective date, Post Only Orders will execute against resting orders if the value of price improvement associated with the execution equals or exceeds the sum of fees charged for the execution plus the value of the rebate that would have been provided if the order posted to the BATS book and subsequently provided liquidity.

BATS Post Only Order Default Behavior to Change Effective June 8, 2012

May 25, 2012

Effective Friday, June 8, 2012, BATS BYX Exchange, BZX Exchange and BATS Options will be introducing a change to the default behavior of Post Only Orders. On the effective date, Post Only Orders will execute against resting orders if the value of price improvement associated with the execution equals or exceeds the sum of fees charged for the execution plus the value of the rebate that would have been provided if the order posted to the BATS book and subsequently provided liquidity.

BATS Announces Trading Group Support for Match Trade Prevention Effective May 25, 2012

May 17, 2012

Effective Friday, May 25, 2012, BATS BYX Exchange, BZX Exchange and BATS Options will be extending Match Trade Prevention (MTP) functionality to allow Member firms to control match prevention at the trading group level. For complete details, please click on the title.

BATS Options Exchange Update to Obvious Error Procedures Effective July 2nd, 2012

May 04, 2012

BATS is pleased to announce the immediate availability of the new Obvious Error (OE) Form within the BATS Member Web Portal. Members must have a BATS Member Web Portal account with Obvious Error Form access enabled in order to use this form. BATS will require this form be used on ALL Obvious Error review submissions as of July 2nd, 2012, so please contact [email protected] to request your firms Member Web Portal account(s) today! Account requests must include contact information including full name, title, email address, and phone number.

FINAL REMINDER - BATS Announces Support for Attributed Quotes Effective May 7, 2012

April 30, 2012

Support for attributed quotes will be made available to Members of BATS BYX Exchange, BZX Exchange and BATS Options effective Monday, May 7, 2012 (pending filing with SEC). On the effective date, Members will be allowed to opt-in to having their TCP and Multicast PITCH quotes attributed to their MPID on an order by order basis. Click the title for more information.

REMINDER - BATS Announces Support for Attributed Quotes Effective May 7, 2012

April 04, 2012

Support for attributed quotes will be made available to Members of BATS BYX Exchange, BZX Exchange and BATS Options effective Monday, May 7, 2012 (pending filing with SEC). On the effective date, Members will be allowed to opt-in to having their TCP and Multicast PITCH quotes attributed to their MPID on an order by order basis. Click the title for more information.

REMINDER - BATS Announces Support for Attributed Quotes Effective May 7, 2012

March 22, 2012

Support for attributed quotes will be made available to Members of BATS BYX Exchange, BZX Exchange and BATS Options effective Monday, May 7, 2012 (pending filing with SEC). On the effective date, Members will be allowed to opt-in to having their TCP and Multicast PITCH quotes attributed to their MPID on an order by order basis. Click the title for more information.

BATS Announces Support for Attributed Quotes Effective May 7, 2012

March 07, 2012

BATS is pleased to announce support for attributed quotes will be made available to Members of BATS BYX Exchange, BZX Exchange and BATS Options effective Monday, May 7, 2012 (pending filing with SEC). On the effective date, Members will be allowed to opt-in to having their TCP and Multicast PITCH quotes attributed to their MPID on an order by order basis. Additionally, summarized quote and/or trade activity related to attributed quotes will be made available on the BATS public web site. Please click on the title for complete details.

BATS Support for Multiple Display-Price Sliding Postponed Pending SEC Approval

January 26, 2012

The release of Multiple Display-Price Sliding has been postponed pending SEC approval. BATS will communicate an updated effective date upon SEC approval.

BATS Support for Multiple Display-Price Sliding Postponed Until January 27, 2012

January 18, 2012

BATS Support for Multiple Display-Price Sliding Postponed Until January 27, 2012. Click on the title for more information.

BATS Options Exchange to Introduce Mass Cancel Enhancement Effective January 27, 2012

January 17, 2012

Effective Friday, January 27, 2012, BATS Options Exchange will be introducing an enhancement to existing Mass Cancel functionality that will limit cancel acknowledgements to a single message once all cancels have been processed. Please click on the title for complete details.

BATS to Introduce Support for Multiple Display-Price Sliding Effective January 20, 2012

January 05, 2012

Effective Friday, January 20, 2012 (subject to filing with the SEC), BATS BYX Exchange, BZX Exchange and BATS Options will be introducing an enhancement to Display-Price Sliding that will allow Display-Price slid orders to continue to have their display and working prices adjusted towards their original limit price based on changes to the prevailing NBBO. For full details, please click on the title.