Tradedesk Updates

BATS Options Exchange Updating Opening Process Effective March 6, 2014

December 18, 2013

Effective Thursday, March 6, 2014 (pending SEC approval), BATS Options Exchange will update the opening process for pre-market and post-halt periods. Click on title for additional information.

Updated: BATS Options Exchange Risk Management Update Effective November 25, 2013

November 22, 2013

Effective Monday, November 25, 2013, BATS Options Exchange will make changes to its Risk Management behavior along with offering additional functionality including Percentage of Quote Risk Limits and Self-imposed Order Lockouts.

BATS Options Exchange Risk Management Update Effective November 22, 2013

November 13, 2013

Please note the updated implementation date, of Friday, November 22, 2013, to allow additional time for testing and SEC approval. Effective Friday, November 22, 2013 (pending SEC approval), BATS Options Exchange will make changes to its Risk Management behavior along with offering additional functionality including Percentage of Quote Risk Limits and Self-imposed Order Lockouts. Please click on the title for complete details.

BATS Options Exchange Risk Management Update Effective November 15, 2013

October 21, 2013

Effective Friday, November 15, 2013 (pending SEC approval), BATS Options Exchange will make changes to its Risk Management behavior along with offering additional functionality including Percentage of Quote Risk Limits and Self-imposed Order Lockouts.

Reminder: BATS to Decommission CYCLE Routing Strategy Effective September 3, 2013

August 14, 2013

As previously announced, based on minimal Member usage and the availability of enhanced parallel routing strategies, BATS BYX Exchange, BZX Exchange and BATS Options will decommission the CYCLE routing strategy effective Tuesday, September 3, 2013. Please click on the title for complete details.

Reminder: BATS Options Multicast PITCH Specification Update Effective July 18, 2013

July 15, 2013

As previously announced, effective Thursday, July 18, 2013 BATS Options Exchange will begin sending a new field within the Multicast PITCH Symbol Mapping messages. All Members taking Multicast PITCH must be prepared to receive the new field on the effective date. Please click on the title for complete details.

BATS to Decommission CYCLE Routing Strategy Effective September 3, 2013

July 10, 2013

Based on minimal Member usage and the availability of enhanced parallel routing strategies, BATS BYX Exchange, BZX Exchange and BATS Options will decommission the CYCLE routing strategy effective Tuesday, September 3, 2013. Members currently utilizing the CYCLE routing strategy may choose to use one of the Smart Order Routing strategies offered by BATS Exchange or utilize the default routing strategy of Parallel D. Please click on the title for complete details.

Reminder: BATS Options Multicast PITCH Specification Update Effective July 18, 2013

June 20, 2013

As previously announced, effective Thursday, July 18, 2013 BATS Options Exchange will begin sending a new field within the Multicast PITCH Symbol Mapping messages. All Members taking Multicast PITCH must be prepared to receive the new field on the effective date. Please click on the title for more details.

Reminder: BATS Adding Support for NBBO Setter on Order Acknowledgements Beginning May 31, 2013

May 30, 2013

As previously announced, the TradeLiquidityIndicator (FIX Tag 9730) will be made available on order acknowledgements so that Members can determine whether a new order has set the NBBO. This feature will be available on the BATS BYX Exchange on Friday, May 31, 2013, BATS Options on Thursday, June 6, 2013, and BATS BZX Exchange on Friday, June 7, 2013. Please click on the title for complete details.

BATS Options Multicast PITCH Specification Update Effective July 18, 2013

May 28, 2013

Effective Thursday, July 18, 2013 BATS Options Exchange will begin sending a new field within the Multicast PITCH Symbol Mapping messages. All Members taking Multicast PITCH must be prepared to receive the new field on the effective date.

BATS Announces Availability of Redundant Gig and WAN Shaped Multicast PITCH Feeds from Primary Datacenter

April 24, 2013

BATS is pleased to announce that it will provide redundant Gig and WAN Shaped Multicast PITCH feeds out of its primary datacenter in Weehawken. The feeds will be identified as the B and D feeds respectively and they will be made available for BATS BYX Exchange, BZX Exchange and BATS Options. Planned source and IP address information for the Gig (B) and WAN (D) Shaped feeds are currently available within the Multicast Configuration section of the BATS US Equities/Options Multicast PITCH Specification. For complete details, please click on the title.

BATS Options Update to Bulk Binary Order Entry (BOE) Effective May 1, 2013

April 10, 2013

Effective Wednesday, May 1, 2013, BATS Options Exchange will implement changes to Bulk-enabled Binary Order Entry (BOE) sessions.

BATS Announces New Order State Tracking Enhancements

April 04, 2013

BATS BYX Exchange, BZX Exchange and BATS Options will be introducing two new order state tracking enhancements. Please click the title for more information.

BATS Multicast PITCH IP Source Address Update for BATS Options Effective April 15, 2013 and BYX Exchange Effective April 22, 2013

March 28, 2013

As part of continuing upgrades and expansion of services and infrastructure, effective April 15th, 2013, BATS is expanding the source IP emitter addresses in the BZX Options (OA) from our primary datacenter. Effective April 22nd, 2013, BATS is expanding the source IP emitter addresses in the BYX Equities (YA) from our primary datacenter. Please click on the title for complete details.

BATS Options Implementing Market Order Collars Effective April 11, 2013

March 21, 2013

Effective Thursday, April 11, 2013 BATS Options Exchange will be introducing Market Order Collars (subject to filing with SEC). Please click on the title for complete details.

Reminder: BATS Offering Network PoP in Secaucus, NJ and Updating 1G Physical Port Fees in Weehawken, NJ

March 01, 2013

Please be advised that BATS will be offering a network PoP (Point of Presence) in the Equinix NY5 Secaucus, NJ data center. The NY5 PoP will provide BATS members access to BATS BZX Exchange, BYX Exchange and BATS Options operated in the SAVVIS NJ2 data center in Weehawken, NJ. For complete details, click on the title.

Reminder: BATS TCP and Multicast PITCH Specification Updates Effective February 15, 2013

February 11, 2013

As previously announced, 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. Please click on the title for complete details.

BATS Options Update to Trade IDs sent to OCC - Effective February 1st, 2013

January 18, 2013

Effective Friday February 1st, 2013 BATS Options will modify the fields sent to the Options Clearing Corporation (OCC) used to pass-through the BATS Exchange Order ID and Execution Trade ID for all executions reported for clearing and settlement.

BATS NY5 PoP and Physical Port Fee Changes

January 17, 2013

Please be advised that BATS will be offering a network PoP (Point of Presence) in the Equinix NY5 Secaucus, NJ data center. The NY5 PoP will provide BATS members access to BATS BZX Exchange, BYX Exchange and BATS Options operated in the SAVVIS NJ2 data center in Weehawken, NJ. For complete details, click on the title.

BATS Options to Cease Offering Discretion Orders Effective February 1, 2013

January 09, 2013

BATS Options Exchange will cease offering the Discretion Order Type effective Friday, February 1, 2013 (subject to filing with the SEC). Please click on the title for complete details.