Bats Europe Deploys New Software for MiFID II Readiness

Bats Europe, a CBOE Holdings, Inc. company and the region’s largest equities exchange operator, announced the successful rollout of its software release ahead of MiFID II. All of the major real-time exchange functionality needed for MiFID II compliance was incorporated into this latest software release, which was deployed on July 14, 2017. With this release complete, market participants now have six months to test the MiFID II functionality.  Bats Europe’s final MiFID II release is scheduled to take place in October 2017. This release will incorporate additional trade-flagging capabilities and the ability for third-country firms to supply transaction reporting information to Bats.