Making Markets Better as Your Partner in Trading. BATS and DirectEdge.

Take advantage of standard pricing plus incentives for a better trading experience.

Standard Pricing + Market Quality Incentives = Making Markets Better
Standard Pricing - Penny Names Adding Liquidity Removing Liquidity
Customer +$0.45 — 0.50* -$0.47
Firm, Market Maker or Professional Customer +0.40 -$0.47 — 0.48*
Market-Quality Incentives NBBO Setter** Quoting Incentive Program***
Additive Rebate +$0.02 — 0.04* +$0.02 — 0.04*
  • See the Fee Schedule for non-standard routing charges.
  • *Eligibility determined by ADV as a percent of TCV per the Fee Schedule.
  • **Applies only to Firms, Market Makers, and Professional Customer orders.
  • ***Applies only to Registered Market Makers.

04/03/14 Pan-European Trade Reporting Facility BXTR Sets New Monthly Record With 57.0% Market Share

03/04/14 U.S. Equities Market Share Totals 20.4%, BATS Chi-X Europe Posts Another New Record in Spain

02/21/14 BATS receives industry award for 2nd consecutive year.

02/19/14 Newly Combined BATS-Direct Edge to Offer Customers Best-in-Class Connectivity, Cost Efficiency, and Network Choice

02/12/14 BATS Chi-X Europe Also Reports 48.4% Market Share for BXTR Pan-European Trade Reporting Service

© 2014 BATS Global Markets, Inc. - All Rights Reserved