System Status

BATS Options Exchange (BZX) System Issues Resolved

November 25, 2013 11:31:50

Please be advised that BATS Options has resolved all issues with the delayed opening of certain options series. All systems are operating normally.

BATS Options Exchange (BZX) System Status Update

November 25, 2013 10:55:03

Please be advised that the issue affecting opening of options series on BATS Options is not constrained to Tape A underlying securities. BATS is continuing to investigate. All options series currently open and trading on BATS Options are not affected.

All other BATS Options systems are operating normally.

BATS Options Exchange (BZX) System Status Update

November 25, 2013 10:36:10

Please be advised that BATS is currently investigating system issues opening certain Tape A symbols on BATS Options. All other options securities are open and trading normally.

BATS Options has revoked self-help against Chicago Board Options Exchange

November 15, 2013 11:49:46

BATS Options has revoked self-help against Chicago Board Options Exchange. Routing to Chicago Board Options Exchange has been resumed as of 11:49:41 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against Chicago Board Options Exchange

November 15, 2013 11:26:15

BATS Options has declared self-help against Chicago Board Options Exchange. Routing to Chicago Board Options Exchange has been suspended as of 11:26:10 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against Nasdaq Options Market

November 01, 2013 10:34:56

BATS Options has declared self-help against Nasdaq Options Market. Routing to Nasdaq Options Market has been suspended as of 10:34:51 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against International Securities Exchange

October 30, 2013 10:58:17

BATS Options has revoked self-help against International Securities Exchange. Routing to International Securities Exchange has been resumed as of 10:58:11 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against ISE Gemini

October 30, 2013 10:58:16

BATS Options has revoked self-help against ISE Gemini. Routing to ISE Gemini has been resumed as of 10:58:09 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against International Securities Exchange

October 30, 2013 09:36:19

BATS Options has declared self-help against International Securities Exchange. Routing to International Securities Exchange has been suspended as of 09:36:13 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against ISE Gemini

October 30, 2013 09:36:14

BATS Options has declared self-help against ISE Gemini. Routing to ISE Gemini has been suspended as of 09:36:10 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against NYSE Arca

October 03, 2013 11:55:30

BATS Options has revoked self-help against NYSE Arca. Routing to NYSE Arca has been resumed as of 11:55:24 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against NYSE Arca

October 03, 2013 10:24:00

BATS Options has declared self-help against NYSE Arca. Routing to NYSE Arca has been suspended as of 10:23:56 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against CBOE

October 02, 2013 09:59:17

BATS Options has revoked self-help against CBOE. Routing to CBOE has been resumed as of 09:45:04 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against Chicago Board Options Exchange

October 02, 2013 09:39:36

BATS Options has declared self-help against Chicago Board Options Exchange. Routing to Chicago Board Options Exchange has been suspended as of 09:39:31 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against Boston Options Exchange

October 01, 2013 11:51:34

BATS Options has revoked self-help against Boston Options Exchange. Routing to Boston Options Exchange has been resumed as of 11:51:27 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against Boston Options Exchange

October 01, 2013 11:36:15

BATS Options has declared self-help against Boston Options Exchange. Routing to Boston Options Exchange has been suspended as of 11:36:08 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against Boston Options Exchange

September 16, 2013 14:25:43

BATS Options has revoked self-help against Boston Options Exchange. Routing to Boston Options Exchange has been resumed as of 14:25:35 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against ISE Gemini

September 16, 2013 14:25:04

BATS Options has revoked self-help against ISE Gemini. Routing to ISE Gemini has been resumed as of 14:25:00 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against International Securities Exchange

September 16, 2013 14:24:42

BATS Options has revoked self-help against International Securities Exchange. Routing to International Securities Exchange has been resumed as of 14:24:36 ET.

All BATS Options systems are operating normally.

BATS Options Exchange has Resumed Trading

September 16, 2013 14:11:52

Please be advised that BATS Options has resumed trading as of 2:10PM ET.

All systems are operating normally.

BATS Options has declared self-help against ISE Gemini

September 16, 2013 14:09:20

BATS Options has declared self-help against ISE Gemini. Routing to ISE Gemini has been suspended as of 14:09:07 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against Boston Options Exchange

September 16, 2013 14:09:12

BATS Options has declared self-help against Boston Options Exchange. Routing to Boston Options Exchange has been suspended as of 14:09:08 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against International Securities Exchange

September 16, 2013 14:09:08

BATS Options has declared self-help against International Securities Exchange. Routing to International Securities Exchange has been suspended as of 14:09:02 ET.

All BATS Options systems are operating normally.

BATS Options Exchange to Resume Trading at 2:10PM ET

September 16, 2013 14:05:43

Please be advised that OPRA services have been restored and BATS Options will resume trading at 2:10PM ET. BATS Options will declare Self Help vs. any market centers with stale quotes remaining prior to the resumption of trading.

All systems are operating normally.

BATS Options Exchange Update - Waiting for Stale Quotes to Clear

September 16, 2013 13:56:44

Please be advised that BATS Options is prepared to resume trading once markets with stale quotes remaining on the OPRA feeds have been cleared.

All BATS systems are operating normally.

BATS Options Exchange Update - Waiting for OPRA

September 16, 2013 13:41:38

Please be advised that BATS Options remains halted and will resume trading shortly after OPRA has been fully restored.

BATS Options Exchange Halting Trading at 1:30PM ET Due to OPRA Issue

September 16, 2013 13:30:15

Please be advised that as a result of an issue with OPRA market data, BATS Options Exchange will be halting options trading from 1:30PM until OPRA market data services are restored. At this time BATS Options anticipates reopening trading at approximately 1:40PM ET.

All BATS systems are operating normally.

BATS Options Exchange Systems are Operating Normally

September 16, 2013 13:09:38

Please be advised that all BATS Options systems are operating normally. Some Members have reported delays in BATS Options orders being disseminated through certain market data vendors. BATS is not having market data dissemination issues and is disseminating all quotes and trades properly.

BATS Trade Desk
+1.913.815.7001
[email protected]
www.batstrading.com

BATS Options has declared self-help against C2

September 13, 2013 14:07:34

BATS Options has declared self-help against C2. Routing to C2 has been suspended as of 14:07:28 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against C2

September 13, 2013 11:55:49

BATS Options has revoked self-help against C2. Routing to C2 has been resumed as of 11:55:44 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against C2

September 13, 2013 10:50:48

BATS Options has declared self-help against C2. Routing to C2 has been suspended as of 10:50:44 ET.

All BATS Options systems are operating normally.

BATS Options Exchange (BZX) Obvious Error Review Complete

August 22, 2013 21:51:54

Please be advised that BATS Options Exchange has completed its review of all obvious error filings for 8/22/2013 and communicated all final rulings to impacted members.

BATS Options Exchange (BZX) Obvious Error Window Extension

August 22, 2013 16:48:24

Please be advised that BATS Options Exchange will extend the Obvious Error filing window until 5:30 PM ET for trades on Options overlying Nasdaq listed securities (Tape C) that occurred between 12:23:31 ET through 12:50:11 ET.

BATS Options Exchange (BZX) Obvious Error Window Extension

August 22, 2013 15:53:54

Please be advised that BATS Options Exchange will extend the Obvious Error filing window until 4:30 PM ET for trades on Options overlying Nasdaq listed securities (Tape C) that occurred between 12:23:31 ET through 12:50:11 ET.

Filings may be submitted at https://www.batstrading.com/opt/account/cee_form/

BATS Options Exchange (BZX) System Status Update

August 22, 2013 14:54:47

Please be advised that BATS Options Exchange will resume trading in all Nasdaq listed securities at approximately 15:30 ET.

BATS Options Exchange (BZX) Halted trading in all Nasdaq listed securities

August 22, 2013 12:52:18

Please be advised that BATS has halted trading in all options on Nasdaq listed securities due to the UTP SIP issue.

BATS Options has revoked self-help against NYSE AMEX Options

August 20, 2013 09:59:49

BATS Options has revoked self-help against NYSE AMEX Options. Routing to NYSE AMEX Options has been resumed as of 09:59:40 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against NYSE AMEX Options

August 20, 2013 09:35:33

BATS Options has declared self-help against NYSE AMEX Options. Routing to NYSE AMEX Options has been suspended as of 09:35:26 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against Boston Options Exchange

August 16, 2013 13:55:04

BATS Options has revoked self-help against Boston Options Exchange. Routing to Boston Options Exchange has been resumed as of 13:54:56 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against Boston Options Exchange

August 16, 2013 13:33:03

BATS Options has declared self-help against Boston Options Exchange. Routing to Boston Options Exchange has been suspended as of 13:32:53 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against Chicago Board Options Exchange

June 19, 2013 15:28:18

BATS Options has revoked self-help against Chicago Board Options Exchange. Routing to Chicago Board Options Exchange has been resumed as of 15:27:50 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against Chicago Board Options Exchange

June 19, 2013 14:25:58

BATS Options has declared self-help against Chicago Board Options Exchange. Routing to Chicago Board Options Exchange has been suspended as of 14:25:51 ET.

All BATS Options systems are operating normally.

BATS System Status Update - All Multicast PITCH Issues Resolved

June 11, 2013 16:37:35

Please be advised that all Multicast PITCH gapping issues have been resolved. Network routing changes made last night have resolved all gapping issues on all Multicast PITCH feeds. No Multicast PITCH gaps on 1G or 10G connectivity have been seen by BATS' monitoring systems or reported by Exchange Members for the duration of the day today in BATS BZX, BYX and Options Exchanges.

All BATS systems are operating normally.

BATS System Status Update - Multicast PITCH

June 05, 2013 11:21:27

Please be advised that BATS continues to investigate intermittent Multicast PITCH drops. At this time, the drops remain intermittent and are recoverable via the BATS Gap Request Proxy service. Note that multicast drops have also now been witnessed on both 1G and 10G connections. BATS will continue to work the issue to permanent resolution.

All other systems are operating normally.

BATS Options has revoked self-help against International Securities Exchange

April 23, 2013 13:38:54

BATS Options has revoked self-help against International Securities Exchange. Routing to International Securities Exchange has been resumed as of 13:38:49 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against International Securities Exchange

April 23, 2013 13:13:09

BATS Options has declared self-help against International Securities Exchange. Routing to International Securities Exchange has been suspended as of 13:13:04 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against NASDAQ OMX

April 15, 2013 10:25:57

BATS Options has revoked self-help against NASDAQ Options Market. Routing to NASDAQ Options Market has been resumed as of 10:25:32 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against NASDAQ OMX

April 15, 2013 09:56:32

BATS Options has declared self-help against NASDAQ OMX. Routing to NASDAQ OMX has been suspended as of 09:56:25 ET.

All BATS Options systems are operating normally.

BATS Options has revoked self-help against NYSE AMEX Options

January 29, 2013 14:45:29

BATS Options has revoked self-help against NYSE AMEX Options. Routing to NYSE AMEX Options has been resumed as of 14:45:20 ET.

All BATS Options systems are operating normally.

BATS Options has declared self-help against NYSE AMEX Options

January 29, 2013 14:18:26

BATS Options has declared self-help against NYSE AMEX Options. Routing to NYSE AMEX Options has been suspended as of 14:18:18 ET.

All BATS Options systems are operating normally.

BATS System Issue Announced on January 9 -- Resolved

January 25, 2013 14:19:40

Dear Member,

Please be advised that per the previous January 9, 2013, BATS notice regarding a recently identified system issue, BATS deployed a permanent change to correct the system issue January 25, 2013, in conjunction with a rule filing with the SEC. All BATS systems are operating normally.

Please contact the BATS Trade Desk or your Director of Sales with any questions.

BATS Notification of System Issue

January 09, 2013 18:39:43

Dear Member,

Please be advised that, as announced January 9, 2013, BATS has determined that upon an NBBO update on BATS' BYX Exchange, BZX Exchange and BATS Options, there are certain cases where the Matching Engine will allow for a trade through or an execution of a short sale order at a price that is equal to or less than the NBB when a short sale circuit breaker is in effect under Regulation SHO. These cases result from the sequencing of certain required events in the Matching Engine related to re-pricing and sliding orders in response to the NBBO update.

REVISED (1/25/2013): After further analysis, BATS has determined that more than 97% of the originally reported executions were not trade throughs under Rule 611 of Regulation NMS because they involved trades through quotes that had existed for less than one second or were priced below $1 and were within $.01 of the protected quote. Consequently, less than 12,000 trades have been confirmed to constitute trade throughs under Rule 611 across all three BATS US markets during the affected period. The updated numbers are below.

In the first case, a visible order that is posted and has been price slid can execute at a price that trades through another market center's protected quote if that away market center locks the displayed price of the BATS order and then BATS receives another order that crosses the working price of the resting order.

In the second case, the system was programmed to allow non-displayed peg orders to re-price in response to a change in the NBBO prior to sliding previously booked contra-side hidden orders that now cross an away market center. As a result, it is possible that in response to a change in the NBBO, the price of a resting hidden order could be crossing the NBBO momentarily and an execution could occur at that crossing price against a peg order that is re-priced in response to the NBBO change, resulting in a trade through. This particular issue can also result in a short sale order executing at a price that is equal to or less than the NBB while a Regulation SHO circuit breaker is in effect.

These system compliance issues have resulted in the following incidents:
Trade Throughs
=============
BATS Options
(02/26/10 - 01/24/13)
Average Daily Incidents: 0.4
Total Incidents: 300

BYX Exchange
(10/15/10 - 01/24/13)
Average Daily Incidents: 0.6
Total Incidents: 348

BZX Exchange
(10/24/08 - 01/24/13)
Average Daily Incidents: 10.5
Total Incidents: 11,215

Regulation SHO Incidents
====================
BYX Exchange
(02/28/11 - 01/04/13)
Total Incidents: 174

BZX Exchange
(02/28/11 - 01/04/13)
Total Incidents: 3,489

BATS deployed a permanent change to correct this system issue on January 25, 2013, in conjunction with its associated SEC rule filing.

Please contact the BATS Trade Desk or your Director of Sales with any questions.