23 October 2017

Bats receives SEC green-light for US equity options platform

27 January 2010  |  1542 views  |  0 Source: Bats Exchange

Bats Exchange received approval from the U.S. Securities and Exchange Commission to operate a US equity options platform and expects to go live on Friday, February 26th, pending industry-wide options symbology consolidation and testing.

"With SEC approval granted for BATS Options, we are pleased to deliver on the schedule announced last summer with go live likely in a matter of weeks," BATS Chief Executive Joe Ratterman said. "Similar to what we accomplished in the equity markets, we will strive to bring more transparency and efficiency to the options market by offering a competitive alternative with straightforward pricing and a platform built on BATS' second-to-none technology.

"We thank our members, investors and supporters in the industry as we continue Making Markets Better, and the SEC staff for their feedback and diligence in processing the options rule set," he said.

"From the beginning, we built the BATS Options system with the Options Symbology Initiative in mind and anticipate coming online as soon after the cutover as possible. We thank the OCC and OPRA for working with us to meet our aggressive timeline," said Jeromee Johnson, BATS vice president, market development.

BATS Options will launch with options on 18 underlying securities, including cash equities and ETFs. Additional rollout details, including a list of specific symbols, technical specifications and membership agreements are available online at www.batsoptions.com.

The BATS Options platform certification system is currently available to BATS Exchange members for connectivity and testing.


Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.innotribe.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
16376 views comments | 19 tweets | 32 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13994 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10303 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10053 views comments | 13 tweets | 10 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job