BATS Global Markets plans to launch EDGX Options, its second options exchange, said a filing Thursday with the Securities and Exchange Commission.
The new exchange would open for trading in November, pending SEC approval.
EDGX Options will complement its current BATS Options market, which has been operating since February 2010. BATS Options will be renamed BZX Options Exchange.
The launch of EDGX Options will enable BATS to compete for a new segment of order flow that does not trade on the price-time markets that BATS currently operates.
The new exchange will become a member of the Options Clearing Corp.
If approved, BATS will operate a total of 11 trading markets worldwide: four U.S. equity markets; four European equity markets; two U.S. options markets and its Hotspot foreign-exchange market, said Randy Williams, BATS spokesman.