BATS Chi-X Europe Continues Growth In Spain With Monthly Market Share Record; Also Sets New Record In Finland Reports 10.4% U.S. Equities Market Share

KANSAS CITY, Mo. and LONDON, July 3, 2013 /PRNewswire/ -- BATS Global Markets (BATS) today reported that BATS Chi-X Europe set another new monthly market share record of 14.4% and also a new one-day record of 19.5% for Spain's IBEX 35, and a new monthly record of 28.6% in Helsinki's OMXH25 Index.

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BATS Chi-X Europe reported 26.7% market share across the Nordics, its second-best month on record in this region. In Copenhagen's OMXC20 and Stockholm's OMXS30, BATS Chi-X Europe reported market share of 25.4% and 30.1%, respectively, the second-best month on record in both of these key markets.

Overall, BATS Chi-X Europe recorded market share of 22.5%, in line with May. Average daily notional value was €8.0 billion in June vs €7.1 billion in May.

BATS' U.S. equities market share was 10.4% in June, in line with May. BATS Options recorded 3.8% market share in June, in line with May.

"Our continued growth in Europe is a testament to market participants' desire for increased competition as we retain our position as the largest exchange in Europe," said Joe Ratterman, chief executive of BATS Global Markets. "Both in Europe and in the U.S., we remain focused on sustaining – and further improving – market quality for the hundreds of firms that trade on BATS every day."

In the U.S., overall equities industry average daily volume was 7.1 billion shares in June, up from 6.4 billion shares in May and was the best month since May 2012. In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €35.6 billion in June, up from €32.0 billion in May.

Additional June Highlights:

  • David Howson joined BATS Chi-X Europe as chief operating officer in June, reporting to CEO Mark Hemsley. Mr. Howson, a well-respected and experienced technologist, is overseeing BATS Chi-X Europe's software engineering, infrastructure and operational teams.
  • In June, the iShares MSCI India Index ETF (INDA), which is listed on BATS Exchange, recorded inflows of over $208 million (or 8.75 million shares), ranking it in the top 20 inflows of all U.S. securities, including individual stocks, for the month according to Dow Jones. For the month, average daily volume for INDA exceeded 500,000 shares traded. 
  • During June, the BATS BZX Exchange ranked 1st or 2nd in quality of trading in 358 of the 500 stocks that make up the S&P 500® Index, as measured by effective spread, according to the BATS market quality statistics. The BZX Exchange also had the lowest effective spread in 11 of the top 25 exchange traded products.

June 2013 Volume and Market Share Summary

U.S. Equities

June 2013

     Overall Industry – Average Daily Consolidated Volume

7.1 billion shares

     BATS Exchanges (BZX and BYX Exchange) – Matched Market Share

10.4%

     BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume

739.1 million shares

U.S. Equity Options


     BATS Options – Matched Market Share

3.8%

     BATS Options – Average Daily Matched Volume

669,966 contracts

European Equities


     Pan-European Total Consolidated Volume1 – Average Daily Notional Value

€35.6 billion

     BATS Chi-X Europe – Overall European Market Share

22.5%

     BATS Chi-X Europe – Total Notional Value Traded

€160.4 billion 

     BATS Chi-X Europe – Average Daily Notional Value

€8.0 billion 



1

Based on BATS Chi-X Europe market coverage, available at www.batstrading.co.uk 

Volume and Market Share Statistics by Market – U.S. Equities, U.S. Equity Options, European Equities

A complete breakdown of June volume and market share for each market center is outlined below. To track U.S. and European market share for all major trading exchanges and other venues, please visit: http://www.bats.com/markets

U.S. Equities (The BATS Exchanges)




June 2013

June 2012

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages;

volume and notional figures exclude odd-lots)

      Average daily matched volume

739.1

789.7

      Total notional value traded for the month

$565,372.9

$536,117.3

   Market share percentage (for the period):



Overall matched market share

10.4%

11.5%

Tape A

8.9%

10.4%

Tape B

14.4%

14.3%

Tape C

10.1%

12.0%




Volume By Exchange:



BZX Exchange:


     Average daily matched volume

607.7

587.3

     Total notional value traded for the month

$472,153.5

$422,413.3

  Market share percentage (for the period):



Overall matched market share

8.5%

8.5%

Tape A

7.2%

7.3%

Tape B

12.0%

11.7%

Tape C

8.4%

9.1%




BYX Exchange:



     Average daily matched volume

131.4

202.4

     Total notional value traded for the month

$93,219.4

$113,704.0

  Market share percentage (for the period):



Overall matched market share

1.8%

2.9%

Tape A

1.7%

3.1%

Tape B

2.4%

2.6%

              Tape C

1.7%

2.9%




BATS 1000 Index

(a broad-based U.S. equities market benchmark)

18,030.56

(06/28/13 close)

15,307.47

(06/30/12 close)




U.S. Equity Options (BATS Options)




June 2013

June 2012


Contracts

Market share

Contracts

Market share

Average daily matched volume

669,966

3.8%

536,990

3.5%






European Equities2 (BATS Chi-X Europe)




June 2013

June 2012


(In millions, except percentage)

Total notional value

€160,355.4

€167,913.1

Average daily notional value

€8,017.8

€7,995.9

Displayed average daily notional value

€7,388.6

€7,616.2

Non-displayed3 average daily notional value

€629.2

€379.7

Overall European market share

22.5%

24.5%










Market share by market (for the period):


June 2013

June 2012

London market overall

26.1%

30.5%

FTSE 100 securities

29.7%

33.9%

FTSE 250 securities

19.5%

26.2%




Paris market overall

20.6%

23.8%

CAC 40 securities

22.1%

24.9%

CAC Next20 securities

16.9%

24.0%




Frankfurt market overall

25.5%

26.4%

DAX 30 securities

27.5%

27.6%

MDAX securities

21.8%

28.7%




Amsterdam market overall

20.1%

26.4%

AEX securities

20.7%

27.0%

AMX securities

16.5%

21.4%




Brussels market overall

22.0%

20.9%

BEL 20 securities

22.9%

22.0%




Milan market overall

12.9%

14.5%

FTSE MIB securities

13.6%

15.2%




Zurich market overall

21.6%

23.8%

SMI securities

23.3%

25.2%

SMIM securities

16.7%

16.3%




Nordic market overall

26.7%

25.2%

Helsinki OMXH25 securities

28.6%

26.2%

Stockholm OMXS30 securities

30.1%

29.5%

Copenhagen OMXC20 securities

25.4%

21.3%

Oslo OBX securities

20.6%

19.5%




Vienna market overall

13.2%

16.4%

         ATX securities

13.6%

16.6%




Lisbon market overall

11.2%

14.2%

         PSI-20 securities

11.3%

14.4%




Dublin market overall

4.9%

3.8%

         ISEQ 20 securities

4.9%

3.8%




Madrid market overall

14.0%

5.2%

         IBEX 35 securities

14.4%

5.2%




Key Indices

         EUROSTOXX 50 securities

22.5%

21.8%







2

Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted.

3

BXE and CXE non-displayed order books.

About BATS Global Markets, Inc.

BATS Global Markets, Inc. (BATS) is a leading operator of securities markets in the U.S. and Europe. In the U.S., BATS operates two stock exchanges, the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and the BATS 1000 Index, an innovative U.S. equities market benchmark. The BATS BZX Exchange is a primary listings venue for exchange-traded products and is home to 19 exchange-traded funds. In Europe, BATS Chi-X Europe, a Recognised Investment Exchange and the largest pan-European equities exchange by market share and value traded, offers trading in more than 1,800 of the most liquid equities across 25 indices and 15 major European markets. The company is headquartered in the Kansas City, Mo. area, with additional offices in New York and London. For more information, visit www.bats.com.

SOURCE BATS Global Markets



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