KANSAS CITY, Mo., March 12, 2013 /PRNewswire/ -- BATS Options, a U.S. equity options market operated by BATS Global Markets (BATS), will list Mini Options on five high-priced and actively traded securities on March 18 with no charge for members to trade.
Investors will be able to trade options on Apple (AAPL), Amazon (AMZN), Google (GOOG), SPDR Gold Trust (GLD) and SPDR S&P 500 (SPY) at a fraction of the cost of regular-sized contracts as Mini Options carry a unit of trading one-tenth the size of regular-sized options contracts, or 10 shares. This provides investors who own less than 100 shares with the same protection and risk management tools available to those owning 100 shares or more.
"We're pleased to give investors affordable access to these five high-priced and highly liquid stocks through Mini Options," said Jeromee Johnson, vice president and head of BATS Options. "While the trading unit size of the Mini Options contract is less than a standard option contract on these stocks, the post-trade and regulatory costs are consistent with a standard option contract. For this reason we are offering free trading in the Mini Options to minimize costs for investors and fuel adoption of these new and innovative products."
Key features of the new Mini Options:
Contact the BATS Trade Desk (firstname.lastname@example.org) for more information regarding Mini Options.
About BATS Global Markets, Inc.
BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which operates a FSA-authorized multilateral trading facility. BATS' innovative and proprietary technology was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo. area, with additional offices in New York and London. For more information, visit www.bats.com.
SOURCE BATS Global Markets