Bats Exchange announces simple and aggressive pricing for the Bats Options exchange, which will launch February 26th with a rebate of $0.20 per contract for members that add liquidity while charging $0.30 per contract for removing liquidity.
The release of pricing for the recently approved US equity options exchange coincides with the launch of a new BATS Options Web site, available at batsoptions.com.
"BATS led the way in the US equities marketplace with innovative and aggressive pricing and BATS Options will continue this tradition with competitive and straightforward access fees that are the same for all members regardless of their capacity," said Joe Ratterman, CEO of BATS Global Markets and BATS Exchange.
"We are also pleased to roll out a new Web site, batsoptions.com that, similar to our US and Europe sites, will feature live market data, available free of charge, upon the launch of BATS Options on February 26th," he said.
Jeromee Johnson, BATS Exchange vice president, market development, added, "BATS Options has been well received by customers and potential customers with almost 50 firms set up in our certification environment and pushing to be live on our platform on Day One."
BATS Options is currently in general testing and will roll out with options on 18 underlying securities, including cash equities and ETFs. A complete rollout and testing schedule is available at www.batsoptions.com.