BATS Options Completes Rollout

KANSAS CITY, Mo., May 24 /PRNewswire/ -- BATS Global Markets, an innovative global financial markets technology company, announces the successful rollout of all planned securities on the BATS Options platform.  BATS Options is the newest U.S. equity options exchange.

With the completion of the Options Symbology Initiative symbol consolidation, the exchange has listed its final set of initial classes.  The exchange now has options on more than 2,100 underlying cash equity securities available for trading.

"We are pleased that the rollout of BATS Options has gone well.  The past few weeks have seen a smooth technological implementation and a steady increase in users and volume," said Jeromee Johnson, Head of BATS Options and vice president, market development, BATS Exchange.

"From the first announcement of our intention to launch BATS Options, we've provided a clear voice on market structure and flat, transparent pricing. As we continue to gain market share, we will remain focused on Making Markets Better for all participants," he said.

BATS also filed with the SEC to eliminate the requirement for at least one registered Options Market Maker in a particular series before it may be opened for trading on BATS Options. The rule change is effective on May 28th.

"With the elimination of this rule we're taking steps to give investors and traders even greater flexibility and maximum access to the options we have listed.  This opens trading on BATS Options to a much broader range of trading and hedging objectives," Mr. Johnson said.

The rule filing is available at http://www.batsoptions.com/resources/regulation/rule_filings/approved/2010/SR-BATS-2010-013_approved.pdf.

BATS Options went live Feb. 26th, 2010, and set a one-day record of 152,682 contracts traded on Thursday, May 20th. The platform currently has about 50 customers.

For more information, BATS Exchange and BATS Options members can contact the BATS Trade Desk (913.815.7001, [email protected]) or their sales director.

About BATS:

BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc., is a premier destination among the top ranked equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities. Most recently, BATS launched a US equity options market, BATS Options, and expects to launch a second US equities exchange, BYX, in summer 2010. The BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS ... Making Markets Better.

SOURCE BATS Global Markets

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