BATS Successfully Completes 18-Month Migration Process with Move of BZX, BYX Exchanges to NY5 Data Center

All BATS U.S. Equity and Option Markets Now at NY5; Equity Market Share Running 21.6% MTD

KANSAS CITY, Mo. & NEW YORK--()--BATS Global Markets (BATS), a leading operator of exchanges and services for financial markets globally, reported the successful and complete migration of all of its U.S. markets to the Equinix NY5 data center in Secaucus, N.J., completing an 18-month process related to the acquisition of Direct Edge.

On Monday May 4th, the BZX and BYX Equity Exchanges were migrated to NY5 with customer participation at 100% and market share finishing the first two days at a strong 21.6% month-to-date vs 21.2% in April. Earlier this year, the EDGX and EDGA Exchanges moved to NY5 (January 12th), followed by BATS Options on April 13th. The Direct Edge acquisition was announced in August 2013 and closed in February 2014.

“With this successful migration completed, our customers can realize the benefits of having all five of the BATS U.S. equity and options markets in a single-data center with greater efficiencies and reduced infrastructure costs,” said Chris Isaacson, Executive Vice President and Global Chief Information Officer for BATS. “The seamless manner of these Exchange moves attests to the hard work of our team and our customers to ensure successful transitions with no disruption to investors or the market. We thank our members for their support as we continue to strive to make markets better.”

On Monday, the BZX and BYX Exchanges handled 1.153 billion messages with zero operational downtime. Average latency was 86 microseconds on BZX and 80 microseconds on BYX, representing a decrease from Friday May 1st of 46% and 12%, respectively.

BATS also plans to move the recently acquired Hotspot FX market to NY5 later this year. Further details of that move will be made available to members and other industry participants in the coming months.

About BATS Global Markets, Inc.

BATS Global Markets, Inc., a leading global operator of exchanges and services for financial markets, is committed to Making Markets Better for traders, investors and issuers. In Europe, BATS operates the largest pan-European equities exchange, offering trading and listing services across 15 major European markets, as well as BXTR, the continent’s largest trade reporting facility. In the U.S., BATS operates four stock exchanges – BZX, BYX, EDGX and EDGA – and regularly ranks as the top market for ETF and retail-driven liquidity. The company is a listing venue for ETFs and other structured products, also operates a U.S. equity options market, BATS BZX Options, and is launching BATS EDGX Options later in 2015. Globally, BATS serves the foreign exchange (FX) market, the world’s largest asset class, with Hotspot, a leading institutional spot foreign exchange market. With its world-class technology and relentless customer focus, BATS strives to bring efficiency, transparency and fairness to market participants. The company is headquartered in Kansas City with offices in New York, London, Chicago and Singapore. Further information on BATS can be found at www.bats.com and by following us on Twitter @BATSGlobal.

Contacts

BATS Contacts:
Randy Williams, +1-212-378-8522
or
Stacie Fleming, +1-913-815-7193
comms@bats.com

Release Summary

BATS Successfully Completes 18-Month Technology Infrastructure Process With Move of BZX and BYX Exchanges to NY5 Data Center

Contacts

BATS Contacts:
Randy Williams, +1-212-378-8522
or
Stacie Fleming, +1-913-815-7193
comms@bats.com