SEC Approves BATS' Launch of Second Options Market

The SEC approved a request by BATS Global Markets ("BATS") to launch its second options market ("EDGX Options"). BATS plans to open EDGX Options on November 2, 2015. BATS stated that the launch of EDGX Options will enable it to compete for a new segment of order flow that does not trade on the price-time markets that BATS currently operates. BATS expressed its expectation that all of the industry's multiply listed options will be available for trading on EDGX Options, and that EDGX Options will "leverage BATS' state-of-the-art technology, including customer connectivity, messaging protocols, quotation and execution engine, order router, data feeds and infrastructure."

Related news: BATS to Launch Second U.S. Options Exchange (with Lofchie Comment) (April 16, 2015); FINRA and BATS Sign Regulatory Service Agreement; FINRA to Conduct Surveillance for Nearly 100 Percent of U.S. Equities Trading (with Lofchie Comment) (February 6, 2014).