Sep 2015

Bats Options Announces New Advisory Board

Kansas City, MO, New York, NY, London, UK - BATS Options, the U.S. options business o fexchange operator BATS Global Markets, today announced the BATS Options Advisory Board, comprised of options industry thought leaders designed to advise the BATS Options leadership team on key industry

The BATS Options Advisory Board, which will meet on a quarterly basis, consists of the following members:

  • Kurt Eckert, Wolverine
  • Sean Flynn, Interactive Brokers Group
  • Todd Hohman, Goldman Sachs
  • Mike Juneman, Citadel Securities
  • Todd Lard, Charles Schwab
  • Joseph Sellitto, Global Execution Brokers, LP
  • Jonathan Werts, BofA Merrill Lynch
  • Slade Winchester, Citi

“As BATS Options grows and expands its footprint, it’s critical to bring together key options industry stakeholders to understand their diverse views on various market structure issues,” said Kapil Rathi, VicePresident of Options Business Strategy at BATS. “The BATS Options Advisory Board will serve as a great resource to our leadership team as we position ourselves for continued success, product expansion, and leadership in the options industry.”

BATS Options currently operates BZX Options, which is the fourth-largest U.S. options market with a record 10.9% market share in August. BATS remains on schedule to launch its second options market, EDGX Options, on November 2nd. The new market will be based on a customer priority/pro rata allocation model.

BATS has published a launch schedule and roadmap on its website.

For additional information about BATS Options, please visit

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.