BATS Global Markets (BATS) today announced the successful launch of its second U.S. options market, EDGX Options, which was granted a regulatory approval by the U.S. Securities and Exchange Commission (SEC) in August this year.
The new market, based on a customer priority/pro rata allocation model, launched on November 2, 2015, and implemented a phased rollout of symbols, which was completed on November 17, 2015.
The company notes that the launch of EDGX Options went as planned and that the new market handled 668 million orders yesterday. It currently offers trading in all multiply-listed equity options available for trading in the U.S.
Kapil Rathi, Vice President, Options Business Strategy at BATS, said:
“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. 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.”
Chris Isaacson, Executive Vice President and Global Chief Information Officer at BATS, added:
“With 27 members already active on the market, EDGX Options is off to a great start. 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.”
The official announcement from BATS can be viewed by clicking here.