Become a Member of BATS Equities
The BATS Exchanges (BZX Exchange and BYX Exchange) memberships continue to grow. Become a Member of each exchange and experience the benefits of trading with BATS. Qualification and signing details are below.
Your firm must be a registered broker-dealer, registered with a Self Regulatory Organization (SRO) and connected with a clearing firm. If your firm is a Member of BZX Exchange, and you are applying to become a Member of BYX Exchange, your firm must be registered with one additional SRO besides BZX Exchange.
During the integration process with Direct Edge, if you are interested in becoming a Member of the EDGA or EDGX Exchange, please contact BATS Membership Services at email@example.com.
Note: The steps set out below can be completed separately or in parallel. For any additional assistance, please contact any BATS sales team member.
Complete and sign the following documents and send them with any other required documentation to Membership Services.
- BATS / DirectEdge Membership Application
- BZX Membership Agreements
- BYX Membership Agreements
- BZX Attribution Addendum
- BYX Attribution Addendum
- BZX Retail Member Organization Application
- BYX Retail Member Organization Application
You should also review the Rule Book and User Manual, which include policies, procedures and technology used by BATS.
BZX Rule Book BYX Rule Book User Manual
Firms can connect to BATS directly or via a service provider. To learn about connectivity to BATS, click the documents below.
- Connectivity Manual - network connectivity options
- Market Data Feeds - free and value added BATS market data feeds
BATS supports order entry in both Binary (BOE) and FIX formats. Please see the Support page for links to the technical specifications for BZX and BYX.
If you trade via a service bureau (ex. Lava, Sterling, Fidessa, BRASS etc.), please return an executed copy of the Three Party Service Bureau Agreement, countersigned by your Service Bureau.
After your connection to BATS is established, you'll place your first trade to verify the clearing. Then, you're ready to enjoy the low-cost, high-speed trading BATS provides.