New Product Brings Value, Competition and Cost Savings to Market Data
Vendors and Consumers
BATS One Summary Feed (The aggregate top prices across all BATS’
exchanges + Last Sale)
BATS One Premium Feed (Top + Last Sale + 5 levels of aggregate depth)
KANSAS CITY, Mo.--(BUSINESS WIRE)--
BATS Global Markets (BATS) today announced the upcoming roll-out of the
BATS One Feed, a market data product that provides cost-effective,
high-quality quote and trade information for market participants looking
for comprehensive, real-time market data across all of BATS’ markets.
The BATS One Feed delivers a unified view of the aggregated quotes (Best
Bid and Offer), trades (Last Sale), and optional depth information (5
levels), including size, for all four equity exchanges operated by BATS
– BZX, BYX, EDGX, EDGA. These four exchanges combine to make BATS
consistently the #1 exchange operator by market share for U.S. equities
trading, excluding opening and closing auction volume. Accordingly, the
BATS One Feed will have the most comprehensive content of any
exchange-provided market data product with respect to real-time market
The BATS One Feed will be offered in two versions that allow recipients
to select the levels of quote information they wish to receive:
Both versions of the BATS One Feed will provide aggregated quote and
trade updates for the four equities exchanges operated by BATS. The BATS
One Premium Feed will also include aggregate depth information (5
levels) for all four exchanges. With one connection protocol and a
simple license for all exchanges, the BATS One Feed allows for easy user
administration and a streamlined technology interface.
“The BATS One Feed leverages the size and scale of the combined BATS and
Direct Edge organizations and is our first product to showcase the
value, competition and cost savings we will be bringing to the industry
to benefit all users,” said Bryan Harkins, Executive Vice President and
Head of U.S. Markets at BATS. “As the largest U.S. equities market
operator excluding auctions, the BATS One Feed product provides a
high-quality, robust view of the U.S. equities market and is ideal for
those looking for comprehensive data at a cost-effective price.”
Consistent with BATS’ strategy of providing data at a lower cost to the
industry, the BATS One Feed product will be significantly less expensive
than similar products on the market. When compared to a similar
competitor exchange product, the BATS One Summary Feed is 60% less
expensive per professional user1, more than 85% less
expensive for an enterprise license for professional users, and 50%
lower for an enterprise license for non-professional users. The BATS One
Feed can be used as a standalone product or as a supplement to other
market data products.
The BATS One Feed will be available on August 1, 2014, subject to filing
with the Securities and Exchange Commission (SEC). The product will not
become fee liable until October 1, 2014, after which, interested vendors
will receive up to three months free as they integrate the product into
their systems and obtain new users.
For additional information on the BATS One Feed, please view:
One Feed Fact SheetBATS
One Feed FAQsBATS
One Feed Technical Specification
About BATS Global Markets, Inc.
BATS Global Markets, Inc. is a leading global operator of securities
markets, committed to Making Markets Better for traders, investors and
issuers. In the U.S., BATS operates four stock exchanges – BZX, BYX,
EDGX and EDGA – and regularly ranks as the top market for ETF and
retail-driven liquidity. The company is an important listing venue for
ETFs and other structured products and also operates BATS Options, a
U.S. equity options market. In Europe, BATS operates the largest
pan-European equities exchange, offering trading and listing services
across 15 major European markets. With its world-class proprietary
technology and relentless customer focus, BATS strives to bring
efficiency, transparency and fairness to market participants. The
company is headquartered in Kansas City with offices in the New York
area and London. Further information on BATS can be found at www.bats.com
and by following us on Twitter @BATSGlobal.
1 Who are entitled to receive the competing product’s best
bid and offer information for securities listed on Nasdaq, NYSE, NYSE
MKT and other Tape B exchanges.
BATS Global Markets, Inc.
Jim Gorman (NYC) +201.942.8234
Fleming (KC) +1.913.815.7193
Source: BATS Global Markets, Inc.