Bats Completes Migration of BZX Options to New Matching Engine
Chris Isaacson, global CIO at Bats, talks about what the move means for customers.
BZX Options is Bats' largest options exchange, posting a market share of 10.64 percent in September, according to the Options Clearing Corporation. The migration ended Sept. 29, with 100 percent of active customers trading on the new technology, resulting in $308 million notional value executed and more than 1.2 billion orders handled.
BZX Options is the second Bats market now running on the platform. EDGX Options, Bats second US options market, which is based on customer priority/pro-rata
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