BATS Preps Feeds for New EDGX Options Market

The new market will offer a different matching model but will leverage the same technology and feeds as BATS' other markets.


The new exchange is based on a customer priority/pro rata allocation model, which means that client orders will be filled first at the best price, then non-customer orders will be allocated based on size. The launch of the new EDGX Options market will complement BATS' existing BZX Options price-time priority market, which operates a maker-taker pricing model based on best price, enabling the exchange to compete for a new segment of order flow that trades outside the price-time markets that BZX O

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