Cboe Futures Exchange Migrates to Bats Technology

Cboe Global Markets, Inc announced the successful migration of Cboe Futures Exchange (CFE) to its proprietary Bats technology, a milestone in the company’s multi-exchange, multi-year technology integration. Trading on the new technology platform opened in Global Trading Hours at 5:00 p.m. CT on Sunday, February 25. At the end of the trading session at 4:00 p.m. CT on Monday, February 26, 98 trading firms accessed the new platform, trading a total of 159,492 contracts. Some of the new and enhanced features of the platform include a new order-by-order market data (PITCH) feed, which provides microsecond timestamps, Enhanced Bandwidth/Port Order rate thresholds which have increased 100 times their previous thresholds, more than 80% latency reduction, enhanced risk controls and self-trade prevention, improved complex spread order handling and a Customer Web Portal for trading and clearing firms. Cboe’s C2 Options Exchange is planned to migrate to Bats technology on May 14, 2018. The migration date for Cboe Options Exchange will be announced in April.  In the meantime, Cboe is planning to implement two technology enhancements to the marketplace in 2018: the migration of S&P 500 Index (SPX) options to Hybrid trading – planned for second quarter – and the introduction of new floor terminals – planned for the second half of 2018.