BATS Global Markets (BATS) has launched its second US options market, EDGX Options, which is based on a customer priority/pro rata allocation model.
The new market launched on 2 November and implemented a phased rollout of symbols, which was completed on 17 November.
The launch of EDGX Options went as expected and the new market handled 668 million orders yesterday. EDGX Options now offers trading in all multiply-listed equity options available for trading in the US.
“We are pleased to report a successful launch and rollout of EDGX Options, which is a testament to the hard work, dedication, and rigorous testing from the BATS team and our customers,” says Kapil Rathi, Vice President, Options Business Strategy at BATS. “We’ve been pleased with the response and support from our customers, and we look forward to growing EDGX Options into a market leader and making our mark in this new segment of the options market.”
“With 27 members already active on the market, EDGX Options is off to a great start,” says Chris Isaacson (pictured), Executive Vice President and Global Chief Information Officer at BATS. “EDGX Options was built on the next generation of BATS technology, which provides even greater technical agility and performance. This tremendous engineering effort was led by Eric Crampton, Senior Vice President and Global Head of Software Engineering at BATS, and I commend him and his team for this flawless launch.”
BATS also operates the BZX Options market, a pure price-time market that also trades all multiply-listed equity options. Month to date for November, the BZX Options market handled 8.3 per cent of all US options trading.
