http://www.batstrading.co.uk/alerts/fee_schedule/ Issues affecting the current trading session en-us Fri, 30 Jul 2010 13:52:45 BST Copyright 2010 BATS Europe Fee Schedule 1 0 1 2 3 4 5 19 20 21 22 23 Saturday Sunday http://www.batstrading.co.uk/_img/logos/bats_logo_rss.jpg http://www.batstrading.co.uk/alerts/fee_schedule/ Dear BATS Europe Participants BATS Europe is excited to announce the release of the BATS+ Primary order type which is available via the BATS Europe Smart Order Router (SOR) effective today Tuesday 1st June 2010. Overview The BATS+ Primary order type is designed to access the BATS Europe Dark Pool and Integrated Book up to and including the limit price before aggressively routing to the relevant Primary Market. After routing, any remainder will post on the BATS Europe Integrated Book unless the order is marked immediate or cancel (IOC). BATS+ Primary will initially be made available for BATS+ LSE (UK listed securities only). Details Orders marked with RoutingInst(9303) = PP, will be eligible for routing to the relevant Primary Market after accessing the BATS Europe Dark Pool and Integrated book. BATS+ LSE orders will first access the BATS Europe Dark Pool at the midpoint of the PBBO at a low 0.15 bps usage charge, before accessing the BATS Europe Integrated Book up to and including the limit price at a low 0.28 bps remove rate. The BATS Europe SOR will then aggressively route to the LSE up to and including the limit price with a low routing fee of 0.28 bps for UK listed securities. Any remainder after routingwill post on the BATS Europe Integrated Book unless the order is marked IOC. In line with the above BATS+ LSE pricing, BATS Europe will also reduce to 0.28 bps the fee to trade all externally routed UK-listed securities via the existing BATS Europe CYCLE and RECYCLE routing strategies. BATS Europe offers participants, via request to the Trade Desk, the option of defaulting their FIX port(s) to exhibit the required RoutingInst (9303) behaviour. The BATS Europe SOR is only available to clients who are Participants of the BATS Europe MTF and who are classified as Eligible Counterparties. Participants utilising the BATS Europe SOR will be required to sign a Client Order Routing Addendum as well as completing a formal certification. Testing The new order types will be available for testing in the BATS Europe UAT environment effective immediately. Documentation * Pricing Flyer:http://www.batstrading.co.uk/resources/participant_resources/BATSEuro_Pricing.pdf * SOR Product spec: http://www.batstrading.co.uk/resources/participant_resources/BATSEuro_SOR.pdf * FIX spec: http://www.batstrading.co.uk/resources/participant_resources/BATS_Europe_FIX_Specification.pdf Please contact the Trade Desk or your Account Manager with questions regarding BATS+ (or other SOR products), to schedule your formal certification, or to complete the required Client Order Routing Addendum. http://www.batstrading.co.uk/alerts/fee_schedule/2010/#0 Tue, 01 Jun 2010 07:33:19 +0100 http://www.batstrading.co.uk/alerts/fee_schedule/2010/#0