BATS Europe Launches BATS+ Routing with Low Pricing

BATS+ Primary Strategy Provides Access to LSE Liquidity with Reduced Fees via BATS Europe; Now Available for UK-Listed Securities at Low 0.28 BPS Rate

LONDON & KANSAS CITY, Mo.--(BUSINESS WIRE)-- BATS Europe released the BATS+ Primary routing strategy, providing participants with competitive pricing for access to primary markets via the BATS Europe Smart Order Router (SOR). The order type is initially available for routing to the London Stock Exchange (LSE) and is available effective today, Tuesday, the 1^st of June.

BATS Europe, operator of an innovative and technology-leading European Multilateral Trading Facility (MTF), set initial pricing at a highly competitive 0.28 basis points and, in line with this move, will reduce to 0.28 bps the fee to trade all UK-listed securities available via the BATS Europe CYCLE and RECYCLE routing strategies.

“BATS+ Primary is designed for participants to gain access to BATS Europe and primary market liquidity with lower access fees and no minimum volume requirements,” said Paul O’Donnell, chief operating officer of BATS Europe. “Participants can expect further SOR enhancements in the near future as we are working harder than ever to promote price competition, fairness and innovation amongst European market centres.”

BATS+ LSE orders will initially execute on BATS Europe’s order books if liquidity is available, up to the limit price of the order. Any unfilled shares are then routed as an Immediate or Cancel (IOC) order to the LSE for further execution up to the limit price. Any remainders from day orders will rest on BATS Europe’s integrated order book.

BATS Europe surpassed 10% monthly FTSE 100 market share for the first time in April while also setting records in numerous other indices. May monthly data for BATS Europe, BATS Exchange and BATS Options will be reported later today.

For more information, participants can contact the BATS Europe Trade Desk (+44 207 012 8901, TradeDeskEurope@batstrading.com) or their account manager.

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 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.

CONTACT:

BATS
Media/Analysts:
Randy Williams, +1-212-378-8522
rwilliams@batstrading.com
or
To Trade in Europe:
Alex Dalley, +44 207 012 8920
adalley@batstrading.com
or
To Trade in the US:
Joe Bracco, +1-212-378-8527
jbracco@batstrading.com

KEYWORDS:   United Kingdom  United States  Europe  North America  Missouri

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