CBOE Holdings, Inc. (NASDAQ: CBOE) today announced that C2 Options Exchange, one of the firm’s derivatives markets, is planned to migrate to Bats technology on May 14, 2018.
Beginning in November, C2 trading permit holders may begin basic connectivity testing, and in December, begin certification. Throughout the first quarter of 2018 and into the second quarter, there will be numerous ‘dress rehearsal’ opportunities for customers to ensure their preparedness for the move. Up until the migration, C2 will operate as is.
Chris Isaacson
Chris Isaacson, EVP, Chief Information Officer at CBOE said:
We remain laser focused on executing a seamless technical and operational integration of the CBOE markets onto Bats technology. This is progressing well and remains on schedule and announcing the C2 migration plan is the logical next step in our process. All market participants expect us to execute a fully transparent, highly structured and efficient integration, and we fully intend to deliver on this.
Added Eric Frait, VP, Business Analysis at CBOE:
When the migration of the CBOE exchanges to Bats technology is completed, customers will have the ability to trade using a single platform to access a variety of market models and execution venues offering the greatest possible breadth of products available in the global marketplace today. It is our aim to provide our customers an unparalleled trading experience.
An overview of the integration plan, as well as a detailed FAQ for the C2 migration will be available on the C2 integration website, which will serve as the primary information resource for customers and market participants throughout this process. The next substantive update to these resources is planned for September, when updated technical specifications and a platform change matrix summarizing all C2 platform feature updates will be posted.