BATS Options today announced a new Advisory Board comprised of leading options industry executives.
The new Advisory Board will advise the BATS Options leadership team on key industry issues as the business continues to grow and diversify its business.
The BATS Options Advisory Board, which will meet on a quarterly basis, consists of the following members:
. Kurt Eckert, Wolverine
. Sean Flynn, Interactive Brokers Group
. Todd Hohman, Goldman Sachs
. Mike Juneman, Citadel Securities
. Todd Lard, Charles Schwab
. Joseph Sellitto, Global Execution Brokers, LP
. Jonathan Werts, BofA Merrill Lynch
. Slade Winchester, Citi
“As BATS Options grows and expands its footprint, it’s critical to bring together key options industry stakeholders to understand their diverse views on various market structure issues,” said Kapil Rathi, vice president of options business strategy at BATS. “The BATS Options Advisory Board will serve as a great resource to our leadership team as we position ourselves for continued success, product expansion, and leadership in the options industry.”
BATS Options currently operates BZX Options, which is the fourth-largest U.S. options market with a record 10.9% market share in August.
BATS is also slated to launch its second options market, EDGX Options, on November 2nd. The new market will be based on a customer priority/pro rata allocation model.