CBOE to Migrate to Bats Technology Platform Early Next Year

CBOE to Migrate to Bats Technology Platform Early Next Year
30.03.2017 10:45 am

CBOE to Migrate to Bats Technology Platform Early Next Year

Platform Technology

Today CBOE Holdings, Inc. announced that the CBOE Futures Exchange (CFE) will be the first of the CBOE Holdings exchanges to migrate onto the Bats technology platform, with an expected switch-over on Sunday, February 25, 2018. 

All CBOE and Bats exchanges will keep operating normally throughout the migration process, and the CBOE trading floor will remain open to serve CBOE's options market. Beginning in July, CFE trading privilege holders (TPHs) may begin requesting new connectivity and in September, basic connectivity testing will begin. Throughout the fourth quarter of 2017 and into the first quarter of 2018, customers will be given numerous testing opportunities to ensure preparedness for CFE's planned switch-over on February 25, 2018. 

"With our two companies now united as CBOE, our team is focused on executing a seamless technical and operational integration of the CBOE, C2 and CFE exchanges onto Bats technology," said CBOE Chief Information Officer Chris Isaacson. "We have a detailed roadmap to navigate through this multi-year process and intend to work very closely with all industry participants to ensure a smooth migration."  

"Bringing together CBOE's and Bats' different, yet complementary, businesses is expected to provide many benefits to customers and enable CBOE to better serve our marketplace, including, over time, streamlining our technology," commented Andy Lowenthal, CBOE Head of Global Derivatives. "We plan to incorporate the functionality already offered by CBOE into Bats' state-of-the-art technology platform."

"We look forward to delivering to market participants the planned benefits and efficiencies of this integration," added Bryan Harkins, CBOE Head of U.S. Equities and Global FX. "We are particularly excited about the new product opportunities and having the ability to not only touch every aspect of the product development and trading cycle, but to create strong links between CBOE and Bats asset classes that are becoming increasingly interdependent." 

An overview of the integration plan and detailed roadmap for CFE's migration is available on the CBOE integration website at www.cboe.com/BatsIntegration. The website will serve as a primary information resource for customers and market participants throughout the integration. This week, CBOE Holdings plans to post a Technical Integration FAQ regarding CFE-specific functionality. Planned FAQ topics include connectivity, certifications, market data and billing. In addition, in May an updated guide for CFE Technical Specifications is planned to be posted to the website.

Related News

Colt Launches Internet Access On Demand in Singapore

Colt Technology Services has extended ‘on demand’ capability to its premium business internet... Read more »

The Bank of East Asia Starts Using the New Hosted and Managed Horizon Platform for Market-Making Warrants

Horizon Software, the world’s leading SaaS provider of electronic trading solutions and algorithmic technology, announced that The Bank of East Asia,... Read more »

EQ launches CheckSafe

EQ, an international technology-led services and payments specialist, is pleased to announce the launch of its new employee background checking platform,... Read more »

Mastercard rolls out new business intelligence platform for European banks

Mastercard today announced the launch of Market Trends, an interactive platform providing a comprehensive view of payments insights, competitive intelligence... Read more »

Mphasis Digital Risk leverages Mendix low-code platform to enable fast, effective digitalization for the financial services industry

Mendix, a Siemens business and the global leader in enterprise low-code, today announced that... Read more »

Twenty7Tec Group signs agreement with Primis

Twenty7Tec, a leading provider of technology solutions to the mortgage industry, today announces that it has entered into a five-year agreement to provide its... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel