BATS Preps 2016 Equity Depth Data Fees

The fees will target internal use by trading firms and non-display use by other markets for onward-routing.

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In a notification sent to customers, BATS announced that effective Jan. 4, it will raise its fees for “the receipt and distribution of BATS equity depth data feeds,” pending filing with the US Securities Exchange Commission.

BATS first announced new fees for market data from its US equities exchanges in July 2013, reversing its previous stance on data fees of providing core market data to end-user firms free of charge. At that time, the exchange introduced monthly access fees for internal data

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