BATS Global Markets Reports October Volume; Sets Monthly U.S. Equities Market Share Record With 13% U.S. Options Market Share Hits 3.6%; BATS Chi-X Europe Reports 24.8% Market Share

KANSAS CITY, Mo., and LONDON, Nov. 1, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported October U.S. equities market share of 13.0%, a new record for the company. In Europe, BATS Chi-X Europe reported market share of 24.8%, maintaining its position as the largest equity market in Europe during 2012.

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Joe Ratterman, president and chief executive, commented: "I am excited about the strong performance across all of our markets, particularly in U.S. equities where in October we surpassed 13% market share for the first time in our seven-year history. We attribute our continued market share growth to our strong market quality, price improvement metrics, and diverse membership base, which we believe are vital to a growing and healthy marketplace.

"In Europe, BATS Chi-X Europe is bringing new products and services to market participants, most recently with a new market data license covering our European trade data for use in real-time index calculations. The introduction of this new license highlights an information gap in the European markets where exchange-owned benchmarks do not yet include our price informing data. Incorporating our trade data in Europe's major benchmarks will produce a more complete picture of today's market in which significant amount of intraday trading occurs on BATS Chi-X Europe.

"We're also pleased to be expanding the accessibility of our risk management tools to our customers in the U.S. and Europe, enabling our customers to more effectively mitigate risk with a simple, secure Web interface. We also remain engaged with the industry in the U.S. and Europe on the potential development of exchange-specific or market-wide risk controls that could improve the functioning and investor confidence of our markets," he concluded. 

BATS operates two stock exchanges in the U.S. – the BATS BZX Exchange and BATS BYX Exchange (the BATS Exchanges); BATS Options, a U.S. equity options market; and BATS Chi-X Europe, which runs an FSA-authorized multilateral trading facility.

October 2012 Volume and Market Share Summary

U.S. Equities – The BATS Exchanges (BZX Exchange and BYX Exchange)

  • Matched Market Share: 13.0%
  • Average Daily Matched Volume: 794.6 million shares

U.S. Equity Options – BATS Options

  • Matched Market Share: 3.6%
  • Average Daily Matched Volume: 535,288 contracts

European Equities – BATS Chi-X Europe

  • Overall European Market Share: 24.8%
  • Combined Total Notional Value Traded: €160.2 billion 
  • Combined Average Daily Notional Value: €6.9 billion 

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

A complete breakdown of October 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.bats.com/markets

U.S. Equities (The BATS Exchanges)




October 2012

October 2011

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages;

volume and notional figures exclude odd-lots)

      Average daily matched volume

794.6

1,044.6

      Total notional value traded for the month

$562,956.3

$727,765.7

   Market share percentage (for the period):



Overall matched market share

13.0%

12.1%

Tape A

12.1%

10.2%

    Tape B

15.2%

15.9%

    Tape C

13.7%

13.3%




Volume By Exchange:

 



BZX Exchange:


     Average daily matched volume

586.1

844.6

     Total notional value traded for the month

$433,304.9

$606,490.8

  Market share percentage (for the period):



Overall matched market share

9.6%

9.8%

Tape A

8.4%

7.8%

    Tape B

12.4%

13.7%

    Tape C

10.4%

11.0%




BYX Exchange:



     Average daily matched volume

208.6

200.0

     Total notional value traded for the month

$129,651.4

$121,274.9

  Market share percentage (for the period):



Overall matched market share

3.4%

2.3%

Tape A

3.7%

2.4%

    Tape B

2.8%

2.2%

                     Tape C

3.3%

2.3%




BATS 1000 Index

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

15,880.03

(10/13/12 close)

14,270.67

(10/13/11 close)

U.S. Equity Options (BATS Options)




October 2012

October 2011


Contracts

Market share

Contracts

Market share

Average daily matched volume

535,288

3.6%

650,680

3.6%








European Equities(BATS Chi-X Europe)




October 2012

October 2011


(In millions, except percentage)

Total notional value

€160,184.9

€190,558.0

Average daily notional value

€6,964.6

€9,074.2

Displayed average daily notional value

€6,503.0

€8,640.4

    Non-displayed4 average daily notional value

€461.6

€433.8

Overall European market share

24.8%

25.0%


 

European Equities3 (continued)




Market share by market (for the period):


October 2012

October 2011

London market overall

28.4%

33.8%

FTSE 100 securities

31.6%

38.9%

FTSE 250 securities

27.4%

27.4%




Paris market overall

25.5%

26.2%

CAC 40 securities

26.9%

28.2%

CAC Next20 securities

25.5%

24.3%




Frankfurt market overall

27.2%

26.6%

DAX 30 securities

27.9%

28.6%

MDAX securities

30.0%

25.1%




Amsterdam market overall

27.4%

29.0%

AEX securities

27.7%

29.9%

AMX securities

22.5%

16.7%




Brussels market overall

23.9%

22.9%

BEL 20 securities

24.6%

26.3%




Milan market overall

13.2%

14.8%

FTSE MIB securities

13.9%

15.3%




Zurich market overall

25.0%

24.2%

SMI securities

26.7%

25.9%

SMIM securities

18.0%

14.6%




Nordic market overall

26.3%

19.6%

Helsinki OMXH25 securities

27.1%

21.8%

Stockholm OMXS30 securities

29.3%

23.4%

Copenhagen OMXC20 securities

24.3%

17.9%

Oslo OBX securities

21.8%

14.8%




Vienna market overall

18.5%

13.2%

              ATX securities

18.9%

13.3%




Lisbon market overall

15.5%

16.0%

              PSI-20 securities

15.6%

16.1%




Dublin market overall

6.7%

2.6%

              ISEQ 20 securities

6.7%

2.7%




Madrid market overall

3.6%

1.5%

              IBEX 35 securities

3.7%

1.5%




Key Indices



    EUROSTOXX 50 securities

22.9%

23.7%

3 Figures represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted. All 2011 figures are on a pro forma basis.

4BXE 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. BATS develops and operates electronic markets for the trading of listed cash equity securities in the U.S. and Europe and listed equity options in the U.S. 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 Chi-X Europe, which operates a FSA-authorized multilateral trading facility. BATS' innovative and proprietary technology 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.bats.com.

SOURCE BATS Global Markets



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