MarketsMuse.com Strike Price update profiles the most recent plan for yet another Options trading platform on the part of BATS. Coverage is courtesy of TradersMagazine.

BATS Global Markets has announced they are opening a second U.S options marketplace, EDGX Options. According to BATS, EDGX Options will be based on a customer priority/pro rata allocation model. The new exchange will complement the BZX Options exchange, BATS’ first options market (previously called BATS Options), which is a price-time priority market.

The target date for the opening of the newest BATS marketplace is November 2015, pending SEC approval. The launch of EDGX Options will enable BATS to compete for a new segment of order flow that does not trade on the price-time markets that BATS currently operates, the exchange said in a release.

According to Bryan Harkins, executive vice president and head of U.S. markets at BATS “With two-thirds of U.S. options market volume executed on exchanges with a pro rata model, we see a big opportunity to bring our innovative technology, operating efficiency, market leading pricing, and first-class customer service to help make markets better for participants in this segment of the market.” Added Harkins, “We are excited to build on our options momentum with the launch of EDGX Options, which we believe will complement our existing innovative BZX Options market.”

For the full coverage from TradersMag, please click here