Officials say the Bats options feeds are “among the most challenging” for feed handlers—including those of Bats parent the Chicago Board Options Exchange—because of their high message rates and full-depth information, requiring heavier processing capacity to reconstruct order books.
“CBOE and BATS Options are very different feeds. CBOE is a level feed. It publishes five-level-deep books. BATS, instead, is an order-based feed, also referred to as full-depth feed. This means that the feed is
BlockRe’s Raymond Zenkich joins to talk about the challenges of offering insurance products for bitcoin and other cryptocurrencies.Subscribe to Weekly Wrap emails