Bats Europe changes dark pool pricing

Source: Bats Europe

Bats Europe will be changing its dark pool pricing effective Monday, Oct. 12.

Going forward, the dark pool will have a single trading fee of 0.15 basis points for any transaction, for both sides of the trade.

A spokesman for BATS Global said "Dating back to our roots as an ECN in the US, we have long prided ourselves on remaining nimble and listening to our participants on key issues such as pricing. Their feedback was that while they appreciated the innovative approach of utilizing maker-taker pricing in the dark pool, they found a single trading fee much simpler to explain to their own customers. The single trading fee of 0.15 basis points is set at a level reflecting our continuing approach of offering high quality markets at aggressive prices."


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