Fee Schedule

BATS BZX Exchange and BYX Exchange Tier Calculation Update Effective December 9, 2013

November 26, 2013

Effective Monday, December 9, 2013 (pending filing with the SEC), BATS BZX Exchange and BYX Exchange will exclude odd lot executions from consolidated volume calculations used for establishing pricing tiers. This change is intended to allow Members time to adjust to the impact of inclusion of odd lot transactions within consolidated volumes and will be effective through January 31, 2014. Odd lots will continue to be included in each Members ADV as they are today.

BATS BZX Exchange and BYX Exchange Routing Pricing Updates Effective November 1, 2013

October 31, 2013

Effective Friday, November 1, 2013 (pending filing with the SEC), BATS BZX Exchange and BYX Exchange is updating routing pricing for SLIM, TRIM, TRIM2, TRIM3 and B2B. Please click on the title for complete details.

BATS BYX Exchange Routing Pricing Update Effective October 1, 2013

September 30, 2013

Effective Tuesday, October 1, 2013 (pending filing with the SEC), BATS BYX Exchange is updating routing pricing for B2B routed orders. Please click on the title for complete details.

BATS BZX Exchange Pricing Effective October 1, 2013

September 27, 2013

Please be advised that effective October 1, 2013, pricing will be updated on the BZX Exchange (subject to filing with the SEC). Please click on the title for complete details.

BATS BYX Exchange Systems Operating Normally; September Tier Calculation Update

September 27, 2013

All BATS BYX Exchange systems are operating normally from the primary data center in Weehawken, NJ. Additionally, BATS will exclude Thursday, September 26, 2013 from the BYX Exchange tier calculations for the month of September (pending filing with the SEC).

BATS BZX Exchange and BYX Exchange Routing Pricing Update Effective September 3, 2013

August 30, 2013

In response to a competitor pricing update, BATS BYX Exchange and BZX Exchange have updated routing pricing to NASDAQ BX effective September 3, 2013 (subject to filing with the SEC) as highlighted below. Please click the title for complete details.

BATS BYX Exchange Announces Update to RPI Sub-dollar Pricing Effective September 3, 2013

August 29, 2013

Effective September 3, 2013, BATS BYX Exchange will be changing the Retail Price Improvement (RPI) pricing for executions in securities priced below $1.00 to match the standard pricing for securities priced below $1.00. Please click on the title for complete details.

BATS BZX Exchange and BYX Exchange Routing Pricing Update Effective August 2, 2013

August 01, 2013

In response to a competitor pricing update, BATS BYX Exchange and BZX Exchange has updated routing pricing to EDGA effective August 2, 2013 (subject to filing with the SEC). Please click on the title for complete details.

Reminder: BATS BYX Exchange Announces Pricing Updates Effective August 1, 2013

July 31, 2013

Effective August 1, 2013, BATS BYX Exchange will be reducing the standard displayed liquidity add fee for Members to $0.0003/share (from $0.0007/share) and the standard remove liquidity rebate will be adjusted to $0.0001/share. Additionally, the add and remove fee tiers will be lowered to 0.4% (from 0.5%) and 0.2% (from 0.25%) of TCV to allow Members to more easily earn a remove rebate as high as $.0003/share and add liquidity for FREE when setting the NBBO. Finally, the requirement to add 50,000 shares ADV of liquidity in order to receive a remove rebate will be eliminated. All Members will receive a rebate when removing liquidity from BYX. For complete details, please click on the title.

BATS BYX Exchange Announces Pricing Updates Effective August 1, 2013

July 29, 2013

Effective August 1, 2013, BATS BYX Exchange will be reducing the standard displayed liquidity add fee for Members to $0.0003/share (from $0.0007/share) and the standard remove liquidity rebate will be adjusted to $0.0001/share. Additionally, the add and remove fee tiers will be lowered to 0.4% (from 0.5%) and 0.2% (from 0.25%) of TCV to allow Members to more easily earn a remove rebate as high as $.0003/share and add liquidity for FREE when setting the NBBO. Finally, the requirement to add 50,000 shares ADV of liquidity in order to receive a remove rebate will be eliminated. All Members will receive a rebate when removing liquidity from BYX. For complete details, please click on the title.

BATS BZX Exchange and BYX Exchange Routing Pricing Update Effective June 4, 2013

June 04, 2013

In response to a competitor pricing update, BATS BYX Exchange and BZX Exchange has updated routing pricing to EDGA effective June 4, 2013 (subject to filing with the SEC). Please click on the title for complete details.

BATS BZX Exchange and BYX Exchange Pricing Updates Effective June 3, 2013

May 30, 2013

Please be advised (pending filing with the SEC) that BATS BZX Exchange and BYX Exchange will exclude Russell Rebalance Day from Total Consolidated Volume (TCV) tier calculations. Additionally, effective June 3, 2013 (pending filing with the SEC), BYX Exchange will be expanding its Retail Price Improvement (RPI) Program to include all symbols. RPI pricing will also be adjusted on the effective date. Please click on the title for complete details.

REMINDER - BATS Global Markets New Market Data Agreement Effective July 1, 2013

May 23, 2013

As previously announced, anyone that wishes to receive BATS U.S. or BATS Chi-X Europe Market Data (sourced from the U.S.) after July 1, 2013 is required to execute the new BATS Global Markets Data Agreement. This new agreement replaces any previously signed market data agreements with BATS. BATS Data Agreements and Data Feed Order Form and System Description documents received after June 17, 2013 are not guaranteed to be processed by July 1 and may result in an interruption of BATS Market Data. Click the title for more information.

Regulatory Transaction Fee Rate Adjustment per SEC Section 31 Rate Change Effective Saturday, May 25, 2013

May 01, 2013

This Circular is being issued to inform you that in Fee Rate Advisory #3 for Fiscal Year 2013, the SEC announced that effective Saturday, May 25, 2013 the Section 31 transaction fee rate applicable to securities transactions on the exchanges and over-the-counter markets will decrease to $17.40 per million dollars. Until that date, the current rate of $22.40 per million dollars will remain in effect. Please click on the title for complete details.

REMINDER - BATS Global Markets New Market Data Agreement Due May 1, 2013

April 30, 2013

Anyone that receives BATS U.S. market data or BATS Chi-X Europe data sourced from the U.S. is required to execute the new BATS Global Markets Data Agreement. The new agreement and other ancillary documents, which are outlined below, should be completed and returned to BATS via email ([email protected]) or fax (913.815.7119) by May 1, 2013. Click the title for more information

BATS Announces Availability of Redundant Gig and WAN Shaped Multicast PITCH Feeds from Primary Datacenter

April 24, 2013

BATS is pleased to announce that it will provide redundant Gig and WAN Shaped Multicast PITCH feeds out of its primary datacenter in Weehawken. The feeds will be identified as the B and D feeds respectively and they will be made available for BATS BYX Exchange, BZX Exchange and BATS Options. Planned source and IP address information for the Gig (B) and WAN (D) Shaped feeds are currently available within the Multicast Configuration section of the BATS US Equities/Options Multicast PITCH Specification. For complete details, please click on the title.

BATS Global Markets U.S. Market Data Fees Effective July 1, 2013

April 02, 2013

Subject to a rule filing with the SEC, BATS will introduce fees for its PITCH (Depth of Book), TOP (Top of Book), and Last Sale feeds for the BATS BZX Exchange and BATS BYX Exchange beginning July 1, 2013. BATS Chi-X Europe PITCH feeds sourced from the U.S. will also be subject to the BATS Global Markets U.S. Data Agreement and pricing. The fees will apply to internal and external distribution. For both forms of U.S. Data Product distribution, there will be one simple access fee and no user fees. Please click on the title for complete details.

BATS BYX Exchange Announces Pricing Updates Effective April 1, 2013

March 27, 2013

BATS is pleased to announce that effective April 1, 2013, BATS BYX Exchange will be increasing the base remove rebate to $0.0005/share (from $0.0002/share) for Members with an ADV of 50,000 shares of added liquidity on BYX Exchange. Click on the title for a summary of additional related updates to the BYX Fee Schedule.

Reminder: BATS Offering Network PoP in Secaucus, NJ and Updating 1G Physical Port Fees in Weehawken, NJ

March 01, 2013

Please be advised that BATS will be offering a network PoP (Point of Presence) in the Equinix NY5 Secaucus, NJ data center. The NY5 PoP will provide BATS members access to BATS BZX Exchange, BYX Exchange and BATS Options operated in the SAVVIS NJ2 data center in Weehawken, NJ. For complete details, click on the title.

BATS BYX Exchange Announces Pricing Updates Effective March 1, 2013

February 28, 2013

Effective March 1, 2013, BATS BYX Exchange will be introducing updated add/remove tiers and NBBO Setter pricing for Members who have an ADV (add+remove volume) equal to or greater than 0.25% of Total Consolidated Volume (TCV). A summary of updates to the BYX Fee Schedule can be reviewed by clicking on the title.

BATS NY5 PoP and Physical Port Fee Changes

January 17, 2013

Please be advised that BATS will be offering a network PoP (Point of Presence) in the Equinix NY5 Secaucus, NJ data center. The NY5 PoP will provide BATS members access to BATS BZX Exchange, BYX Exchange and BATS Options operated in the SAVVIS NJ2 data center in Weehawken, NJ. For complete details, click on the title.