Fee Schedule

BATS BYX Exchange Announces Pricing Updates Effective January 2, 2013

December 27, 2012

Effective January 2, 2013, the BATS BYX Exchange fee schedule will be updated with changes to fees and rebates related to adding and removing liquidity as well as routing. For complete details, please click on the title.

BATS BZX Exchange and BYX Exchange Routing Pricing Update Effective October 1, 2012

September 28, 2012

In response to a competitor increase to their liquidity removal rate, BATS BYX Exchange and BATS BZX Exchange has made routing pricing changes effective October 1, 2012. For complete details, please click on the title.

BATS BZX Exchange and BYX Exchange Routing Pricing Update Effective September 4, 2012

August 31, 2012

In response to a competitor pricing update, BATS BYX Exchange and BZX Exchange has updated routing pricing to EDGA effective September 4, 2012. Please click the title for complete details.

BATS BZX Exchange and BYX Exchange TRIM Routing Strategy Update Effective August 1, 2012

July 31, 2012

In response to a competitor pricing update, BATS BZX Exchange and BYX Exchange will remove NASDAQ PSX from the list of Low Cost Market Centers accessed by the TRIM routing Strategy effective August 1, 2012. Click the title for more information.

BATS BZX Exchange and BYX Exchange to Add Nasdaq PSX to TRIM Routing Strategy Effective July 2, 2012

June 29, 2012

Please be advised that effective July 2, 2012, BATS BZX Exchange and BYX Exchange will add NASDAQ PSX to the list of Low Cost Market Centers accessed by the TRIM routing Strategy. TRIM2 and TRIM3 strategies will remain unchanged. Please click on the title for complete details.

Reminder: BATS BYX Exchange Implementing Port Fees Effective July 2, 2012

June 25, 2012

Subject to a rule filing with the SEC, BATS BYX Exchange will begin assessing a fee of $400 per month per logical port pair (each pair representing one port in both the primary and secondary datacenters) for all production BOE, FIX, FIXDROP, DROP, TCP PITCH, and TOP ports effective July 2, 2012. Click the title for complete details.

BATS BYX Exchange Implementing Port Fees Effective July 2, 2012

June 01, 2012

Subject to a rule filing with the SEC, BATS BYX Exchange will begin assessing a fee of $400 per month per logical port pair (each pair representing one port in both the primary and secondary datacenters) for all production BOE, FIX, FIXDROP, DROP, TCP PITCH, and TOP ports. In order to give Members and Vendors ample notice and detail, BATS will not implement this fee until July 2, 2012. Please click on the title for complete details.

BATS BZX Exchange Updates Fee Schedule Effective May 14, 2012

May 11, 2012

Effective May 14, 2012, updates to BATS BZX Exchange fee schedule will reflect changes to Multicast PITCH SPIN server ports resulting from expansion to 32 matching engines. Fees remain unchanged as a result of this upgrade. Click the title for more information

Regulatory Transaction Fee Rate Adjustment per SEC Section 31 Rate Change Effective Sunday, April 1, 2012

March 06, 2012

This Circular is being issued to inform you that in Fee Rate Advisory #6 for Fiscal Year 2012, the SEC announced that effective Sunday, April 1, 2012 the Section 31 transaction fee rate applicable to securities transactions on the exchanges and over-the-counter markets will increase to $22.40 per million dollars. Until that date, the current rate of $18.00 per million dollars will remain in effect. Please click on the title for complete details.

BATS February 2012 Equities Market Update

March 02, 2012

In this edition of the BATS Market Update: 1. BATS Competitive Liquidity Provider Program (CLP) Making Markets Better in BATS-listed names through open competition 2. BATS Chi-X Europe Integration Update 3. 2012 The Year of Key Market Structure Changes For complete details, please click on the title.

BATS February 2012 Options Market Update

February 10, 2012

In this February 2012 edition of the BATS Options Market Update: 1. Options Market Update 2. TCV Rather Than Fixed Tiers 3. Grow With Us 4. BATS Listings For complete details, please click on the title.

BATS Announces Primary Listings Pricing and Competitive Liquidity Provider (CLP) Program

February 09, 2012

BATS is pleased to introduce free listings on its BZX Exchange for companies whose stock or Exchange Traded Product (ETP) trades more than two million shares per day on a consolidated basis. All BATS listing fees are flat and not based on a companys shares outstanding. BATS also does not charge for the listing of additional shares. Additionally, BATS is pleased to announce the BZX Exchange has now received SEC Approval for its unique Competitive Liquidity Provider (CLP) program. This program allows BZX Exchange registered Market Makers to compete for a daily, monetary reward based on their time and quoted size at the NBBO in BATS-listed securities. The CLP program particularly benefits small and mid-cap companies that are often challenged by a lack of liquidity in their stock. For complete details related to BATS Primary Listings Pricing and the CLP program, please click the title.

Regulatory Transaction Fee Rate Adjustment per SEC Section 31 Rate Change Effective Tuesday, February 21, 2012

January 27, 2012

This Circular is being issued to inform you that in Fee Rate Advisory #5 for Fiscal Year 2012, the SEC announced that effective Tuesday, February 21, 2012 the Section 31 transaction fee rate applicable to securities transactions on the exchanges and over-the-counter markets will decrease to $18.00 per million dollars. Until that date, the current rate of $19.20 per million dollars will remain in effect. For complete details please click on the title.

BATS BZX Exchange Auction Pricing for Exchange Listed Securities Effective January 24, 2012

January 23, 2012

BATS BZX Exchange has updated Auction pricing for Exchange Listed Securities. Click the title for more information.