BATS Global Markets, the independent platform that has carved out a 12% market share of US equity trading, has applied to the Securities and Exchange Commission for regulatory authorisation to launch a US equity options exchange early next year.
Joe Ratterman, chief executive of BATS Global Markets and BATS Exchange, described the filing as “an important milestone” in a statement highlighting the firm’s desire to be innovative in options market development.
“The options markets are at a transformative stage and...