Business Continuity Plan Disclosure Statement
BATS Trading, Inc. has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.
Contacting Us - If after a significant business disruption you contact us as you usually do at 913.815.7000, you should go to our site at www.bats.com. If you cannot access us through either of these means, you should contact our clearing firm, Wedbush Morgan Securities at 213.688.8000 or www.Wedbush.com for instructions. All open orders will be cancelled automatically in the event of a significant business disruption. A Wedbush representative may be able to help you with trade confirmations during our outage.
Our Business Continuity Plan - We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm's books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business
Our business continuity plan addresses: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical suppliers, contractors, bank and counter-party impact; and regulatory reporting if we are temporarily unable to continue our business disruption.
We backup all important electronic records to geographically separate data centers daily. Key paper records are photocopied and stored off site on a regular basis. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions within 72 hours. BATS Exchange may be unavailable during an outage.
Varying Disruptions - Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within 24 hours. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within 72 hours. In either situation, we may be required to disable trading, transfer operations to an alternate location if necessary, and notify you through our web site, www.bats.com, on how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will clear and settle existing trade executions with the assistance of our clearing firm.
For more information - If you have questions about our business continuity planning, you can contact us at 913.815.7000.