Fee Schedule

BATS Fee Schedule Changes Effective December 1, 2014

November 26, 2014

Effective Monday, December 1, 2014, BATS Global Markets will introduce the pricing changes on the BATS BYX Exchange (BYX) and BATS BZX Exchange (BZX), pending filing with the SEC. Updates include changes to the NBBO Setter and Joiner tiers on BZX, Cross Asset Step-Up tier updates for BZX and new opening process and ROOC fees related to previously announced features being released on BYX and BZX in December. For complete details, please click on the title.

BATS Announces Post-Migration Pricing Accommodation for EDGA and EDGX Exchanges

November 25, 2014

EDGA Exchange and EDGX Exchange announce a post-migration pricing accommodation for the month of January. Trading volumes from the first week of trading on the new platforms will be excluded from volume tier calculations for the month of January, pending filing with the SEC. Click the title for more information

BATS Announces New Fee Schedule Format

November 14, 2014

Effective November 17, 2014, BZX Exchange and BYX Exchange will release an updated fee schedule format that includes recently announced fee code references for all fees. Additionally, the fee code references will be made available in a downloadable format to provide Members the ability to automate the maintenance of their transaction rate tracking systems. BATS Options plans to release a similarly formatted fee schedule, effective November 21, 2014. Please click on the title for complete details.

BATS BYX Exchange and BZX Exchange Fee Schedule Updates to Support Feature Release Effective October 17, 2014

October 15, 2014

In preparation for the feature release on October 17, 2014, BATS BZX Exchange and BYX Exchange will introduce various new routing rates as well as supplemental peg rates in support of new order entry functionality, pending filing with the SEC. Please click on the title for complete details.

BATS Global Markets Access Services Fee Changes for 2015

October 07, 2014

BATS Global Markets announces our 2015 Access Services fee schedule for all U.S. exchanges, which includes BATS BYX Exchange, BZX Exchange, EDGA Exchange, EDGX Exchange and BATS Options Exchange, pending filing with the Securities and Exchange Commission (SEC). Please click the title for complete details.

BATS BYX Exchange Routing Pricing Update Effective September 12, 2014

September 09, 2014

In accordance with a previously announced Feature Release, BATS BYX Exchange is introducing the RMPT routing strategy on September 12, 2014 and will be introducing a new fee for the RMPT strategy. Please click on the title for complete details.

BATS BYX Exchange and BZX Exchange Fee Schedule Changes Effective September 2, 2014

August 28, 2014

Effective Tuesday, September 2, 2014, BATS Global Markets will introduce two new cross-asset volume step-up tiers on BZX Exchange. Both BYX Exchange and BZX Exchange will also be updating certain routing fees in response to a competitor pricing update. For more information, please click on the title.

BATS BYX Exchange and BZX Exchange Fee Schedule Changes Effective August 15, 2014

August 14, 2014

Effective Friday, August 15, 2014, BATS Global Markets will introduce the following pricing updates (pending filing with the SEC). BYX Exchange and BZX Exchange will introduce support for new SWPA and SWPB routing strategies for Members using Routing v2. The charge for executing shares at any away venue using SWPA or SWPB will be $0.0033/share in stocks priced $1.00 and above and 0.33% of the total dollar value in stocks priced below $1.00. Please click on the title for complete details.

BATS BZX Exchange and BATS Options Exchange Fee Schedule Changes Effective August 1, 2014

July 30, 2014

Effective Friday, August 1, 2014, BATS Global Markets will introduce the following pricing changes on the BATS BZX Exchange and BATS Options Exchange. Please click the title for complete details.

BATS BYX Exchange, BZX Exchange, and BATS Options Exchange Tier Calculation Update Effective July 1, 2014

June 27, 2014

Effective Tuesday, July 1, 2014, BATS BYX Exchange, BZX Exchange, and BATS Options Exchange will exclude trading days with a scheduled early market close from consolidated volume and Member TCV used for establishing pricing tiers.

BATS BZX Exchange Announces Lead Market Maker (LMM) Program Effective June 2, 2014

May 29, 2014

Effective Monday, June 2, 2014, BATS will introduce a new Lead Market Maker (LMM) program for BATS-listed securities. The LMM program is a new rewards-based program designed to incent market makers based on the amount of executed added liquidity they provide in BATS-listed securities for which they are a LMM. The LMM program will complement the existing Competitive Liquidity Provider (CLP) program, which rewards market makers for tighter quoted spreads in BATS-listed securities, and is currently slated to become an optional, issuer-sponsored, add-on program later this summer. Please click on the title for complete details.

BATS BYX Exchange, BZX Exchange and BATS Options Exchange Fee Schedule Changes Effective May 1, 2014

April 29, 2014

Effective Thursday, May 1, 2014, BATS Global Markets will introduce pricing changes on the BATS BYX Exchange (BYX), BATS BZX Exchange (BZX), and BATS Options Exchange. Please click the title for complete details.

UPDATE: BATS BYX Exchange and BZX Exchange Fee Schedule Changes Effective Tuesday, April 1, 2014

April 01, 2014

The previously announced fees effective Tuesday, April 1, 2014, have been slightly adjusted as highlighted in the notice. Please click on the title for complete details.

BATS BYX Exchange and BZX Exchange Fee Schedule Changes Effective Tuesday, April 1, 2014

March 31, 2014

Effective Tuesday, April 1, 2014, BATS Global Markets will introduce pricing changes on the BATS BYX Exchange and BZX Exchange (pending filing with the SEC). Please click the title for complete details.

Regulatory Transaction Fee Rate Adjustment per SEC Section 31 Rate Change Effective Tuesday, March 18, 2014

March 05, 2014

This Circular is being issued to inform you that in Fee Rate Advisory #3 for Fiscal Year 2014, the SEC announced that effective Tuesday, March 18, 2014, the Section 31 transaction fee rate applicable to securities transactions on the exchanges and over-the-counter markets will increase to $22.10 per million dollars. Until that date, the current rate of $17.40 per million dollars will remain in effect. Please click on the title for complete details.

BATS BZX Exchange and BYX Exchange Routing Pricing Update Effective March 3, 2014

February 28, 2014

In response to a competitor pricing update, BATS BYX Exchange and BZX Exchange have updated routing pricing to NYSE effective March 3, 2014. Please click the title for complete details.

Reminder: BATS BZX Exchange and BYX Exchange Tier Calculation Update Effective February 3, 2014

January 21, 2014

Effective Monday, February 3, 2014, BATS BZX Exchange and BYX Exchange will include odd lot executions from consolidated volume calculations used for establishing pricing tiers. Odd lots will continue to be included in each Members ADV as they are today.