will be decommissioned on November 4, 2016.
Bats US Equities information can now be found at
URLs for data/reporting tools will continue to be supported.

Market Data Products

The Bats equity exchanges (EDGA, EDGX, BYX and BZX) provide a robust offering of market data options to suit Members’ diverse needs. For bandwidth recommendations for each data feed, please refer to the Connectivity Manual's Bandwidth chapter.

Bats One Feed

(Top + Last Sale + Optional Aggregate Depth)

The Bats One Feed provides cost-effective, high-quality reference quotes and trade data for market participants looking for comprehensive, real-time market data. With one license, market participants receive a comprehensive view of the market from all four Bats U.S. equities exchanges: BZX Exchange, BYX Exchange, EDGX Exchange and EDGA Exchange. Two versions of the feed are available — Bats One Summary Feed and Bats One Premium Feed — allowing recipients to select the level of depth they wish to receive.

For more information, click here.

Depth of Book

(Available in Multicast and TCP PITCH)

Bats Depth of Book provides real-time depth of book quotations and execution information with nearly half the latency of TCP PITCH and 20% fewer PITCH events. This is achieved by using binary messages (PITCH 2.0). Bats offers a WAN-shaped and Gig-shaped version of the Multicast feed, both available from Bats’ primary datacenter. Members may choose one or more of the four Multicast PITCH feed options depending on their location and connectivity to Bats.

Bats TCP PITCH data feed offers uncompressed depth of book quotations and execution information using ASCII messaging (PITCH 1.0).

To subscribe, please complete the necessary Market Data Documents.


(Top of Book)

Bats TOP market data feed offers up to a 66% reduction in events and an 84% reduction in bandwidth compared to Bats' standard TCP PITCH market data feed using ASCII messaging (PITCH 1.0). By only showing top of book quotes and trades, TOP offers a significant reduction in required bandwidth and processing. TOP does not send depth of book information and does not show hidden or routed orders.

To subscribe, please complete the necessary Market Data Documents.

Auction Feed

(Bats Auction Data)

The Bats Auction Feed is a direct data feed product that disseminates price and size information for Bats-listed securities participating in Bats Auctions. The Bats Auction Feed may be used by Bats Data Recipients to obtain Opening, Closing, Halt and IPO Auction information. Bats Auction information is disseminated every five seconds during the Opening and Closing Auctions and during defined Quote-Only periods for Halt and IPO Auctions.

The Bats Auction Feed will be provided to Data Recipients upon request. To request a subscription, please contact Bats Market Data Services at 212.378.8821 or


(Member Trading Activity)

Bats DROP data feed is typically used by clearing firms or Members to monitor trading activity. DROP sessions can be used to obtain execution information about single or multiple Members with proper authorization.

Contact the Bats Trade Desk to sign up: 913.815.7001 or

Last Sale Feed

(Matched Trades Only)

Last Sale is ideal for market data distributors. It is a real-time, intraday TCP feed that disseminates matched trade price, volume and execution time on Bats book. Because quotes are not shown, Last Sale results in much less data than other feeds and requires less technology development for users.

To subscribe, please complete the necessary Market Data Documents.

Historical Data

(Depth / TOP / Last Sale)

Use the Historical Data of the Depth of book, TOP and Last Sale data feeds on a T+1 basis.

Up to three months of data is available via download from the Bats website. Additional data beyond three months will be uploaded onto a Bats-provided terabyte drive. There is a single fee per drive no matter how much data is placed on the drive.

How To Subscribe

A Bats account is required in order to sign up for Historical Data. If you do not currently have an account, please contact the Market Data Services team at 212.378.8821 or email If you already have a Bats online account, you may login to subscribe.

$500 / month
Per terabyte drive: $2,500

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