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BATS Global Markets Reports 12.0% U.S. Equities Market Share

 
 

U.S. Options Market Share Reaches 3.8% vs. 0.4% a Year Ago; BATS Europe Earns Record Market Share in Five Indices Including 10% in FTSE 250

KANSAS CITY, Mo., and LONDON, Oct. 4, 2011 /PRNewswire/ -- BATS Global Markets (BATS), a global operator of stock and options markets, today reported its second-best monthly U.S. equities matched market share ever, earning 12.0% vs. 9.9% one year ago. BATS Options and BATS Europe also recorded solid performances in September, reporting 3.8% and 5.6% matched market share, respectively.

(Logo: http://photos.prnewswire.com/prnh/20100701/CG29735LOGO)

BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe, an FSA-authorised multilateral trading facility in Europe. September 2011 highlights for each of these markets are outlined below.

BATS U.S. Equities:

  • BATS U.S. equities reported matched market share of 12.0% in September 2011, the second-best month in company history.  The monthly market share record is 12.3%, which was set in August 2011.
  • BATS U.S. equities reported average daily matched volume of 1,021.1 million shares in September 2011.

BATS Options:

  • BATS Options reported matched market share of 3.8% in September 2011 with average daily matched volume of 697,714 contracts.
  • BATS Options' highest one-day matched contract volume for the month was 1,142,571 contracts, reported on September 22.

BATS Europe:

  • BATS Europe reported overall European market share of 5.6% in September and record monthly market share in London's FTSE 250 with 10.0%, Paris' CAC 40 with 6.3% and CACNext20 with 7.3%, Brussels' BEL20 with 7.5% and Oslo's OBX with 5.7%.
  • BATS Europe reported total notional value in September of €51.5 billion traded and average daily notional value of €2.24 billion, compared to €42.9 billion and €1.91 billion for the same month a year ago.
  • The BATS Europe Dark Pool earned average notional value traded of €121.9 million for the month versus €35.3 million a year ago.

Additional company news:

  • BATS remains on track to launch its U.S. primary listings business in December 2011. As a new primary listings exchange, BATS will provide issuers an alternative for initial public offerings (IPOs), stock listing transfers, and dual-listed securities.
  • Following two successful dress rehearsals, the BATS Europe data centre migration is on schedule to launch live trading at its new facility in Equinix Slough (LD4) on Monday, October 10.
  • The proposed acquisition of Chi-X Europe by BATS is currently being reviewed by the UK Competition Commission. The Competition Commission is expected to report its decision by December 2, 2011.
  • The BATS 1000SM Index ended the month down 1,104.77 points, or 7.9% to end at 12,831.82.  The Index offers a listings-neutral, broad snapshot of the U.S. equities marketplace by tracking the performance of 1,000 securities classified in 10 important industry sectors.
  • Among global equities markets operators in August 2011, BATS remained the third-largest in the world after NYSE Euronext and NASDAQ in terms of value of shares traded, well ahead of competitors in Tokyo, China, London and Germany. In July, all three of BATS' equity market centers ranked among the top 30 largest in the world, in terms of notional value traded: the BZX Exchange remained ranked #4, the BYX Exchange was ranked #12, and BATS Europe was ranked #27. (September 2011 information for international exchanges is not yet available.)

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


U.S. Equities*:



September 2011

   September  2010**

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages)

Average daily matched volume

1,021.1

715.5

Total notional value traded for the month

$738,698.3

$467,051.4

 Market share percentage (for the period):



Tape A

9.9%

7.4%

Tape B

16.1%

15.5%

Tape C

13.1%

11.3%

Overall matched market share

12.0%

9.9%



Volume By Exchange:



BZX Exchange:


    Average daily matched volume

823.0

715.5

    Total notional value traded for the month

$618,336.1

$467,051.4

 Market share percentage (for the period):



Tape A

7.6%

7.4%

Tape B

13.9%

15.5%

Tape C

10.8%

11.3%

Overall matched market share

9.7%

9.9%




BYX Exchange:



    Average daily matched volume

198.1

N/A   

    Total notional value traded for the month

$120,362.2

N/A   

 Market share percentage (for the period):



Tape A

2.4%

N/A   

Tape B

2.3%

N/A   

Tape C

2.3%

N/A   

Overall matched market share

2.3%

N/A   







*Volume and notional figures exclude odd-lots.

**2010 figures reflect BZX volume only, as BYX was launched in October 2010.




BATS Options:



September 2011

September 2010


Contracts   

Market share   

Contracts   

Market share   

Average daily matched volume    

697,714

3.8%

57,636

0.4%





BATS Europe***:

September 2011

   September 2010


(In millions, except percentage)

Average daily notional value matched

€2,243.0

€1,910.3

Total notional value touched

€51,529.2

€35,262.6

Average daily notional value for BATS Europe Dark Pool

€121.9

€42.9




Pan-European market share percentage (for the period):


   Overall European market share

5.6%

5.6%

STOXX 50 securities

5.7%

6.4%




   London market overall

8.1%

8.3%

FTSE 100 securities

8.9%

9.3%

FTSE 250 securities

10.0%

4.9%




  Paris market overall

5.9%

4.4%

CAC 40 securities

6.3%1

4.9%

CAC Next20 securities

7.3%1

4.2%




  Frankfurt market overall

4.9%

5.2%

DAX 30 securities

5.0%

5.6%

MDAX securities

5.8%2

3.7%




   Amsterdam market overall

6.6%

6.1%

AEX securities

6.7%3

6.3%




   Brussels market overall

7.9%

3.2%

BEL 20 securities

7.5%1

3.7%




   Milan market overall

3.9%

6.7%

FTSE MIB securities

4.0%

6.9%




   Zurich market overall

5.0%

7.6%

SMI securities

5.1%

8.1%

SMIM securities

4.2%

3.7%




   Nordic market overall

4.8%

4.5%

Helsinki OMXH25 securities

5.8%

7.3%

Stockholm OMXS30 securities

4.8%

5.1%

Copenhagen OMXC20 securities

3.9%

4.8%

Oslo OBX securities

5.7%1

1.6%




 Additional markets:



   Lisbon market overall

5.1%

1.1%

   Vienna market overall

1.9%

0.4%




(1)

New Record; (2) 2nd highest in firm history (3) 3rd highest in firm history

***

Figures represent consolidated figures (lit and dark books), unless otherwise noted.



About BATS

BATS Global Markets (BATS) is a leading operator of stock and options markets around the globe. BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe, an FSA-authorised multilateral trading facility in Europe. Each of these marketplaces is powered by BATS' innovative and proprietary technology that was developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. The company is headquartered in the Kansas City, Mo., area with additional offices in New York and London. For more information, visit www.batsglobalmarkets.com.

SOURCE BATS Global Markets

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