Filed by CBOE Holdings, Inc.
pursuant to Rule 425 
under the Securities Act of 1933 
and deemed filed pursuant to 
Rule 14a-6 under the Securities 
Exchange Act of 1934

Subject Company:  Bats Global Markets, Inc.

SEC File No. for Registration Statement

on Form S-4 filed by CBOE 
Holdings, Inc.:  333-214488

The following newsletter was distributed to employees of CBOE Holdings and Bats on January 18, 2017: