BATS Global Markets U.S. Equities Market Share Rose In April; Europe Depository Receipts Trading Reached Monthly Record Overall European Market Share 22.4%; U.S. Equities 10.9%; U.S. Options 4.0%

KANSAS CITY, Mo. and LONDON, May 3, 2013 /PRNewswire/ -- BATS Global Markets (BATS) today reported increased market share for its U.S. equities segment in April, finishing at 10.9% vs 10.6% in March. BATS Options rose to 4.0% from 3.8%.  

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

Also in April, BATS Chi-X Europe set a new monthly market share record in Depository Receipt (DR) trading, with BATS Chi-X Europe earning 7.1% market share, exceeding its previous record of 5.9% set in March 2013. BATS Chi-X Europe also matched last month's market share record in Spain's IBEX 35 of 12.8%.

BATS Chi-X Europe, the largest pan-European equities exchange, offers trading in more than 50 DRs from 12 markets including Russia, India and South Korea. The average daily notional value traded of DRs on BATS Chi-X Europe has increased 50% to €41.5 million in April from €27.6 million in January.

Overall, BATS Chi-X Europe recorded market share of 22.4% vs 22.5% in March. Average daily notional value was €7.8 billion in April vs. €7.9 billion in March.

"April was another strong month for BATS Global Markets and we thank our customers for their continued support of all of our businesses," said Joe Ratterman, chief executive of BATS Global Markets. "As we move forward in 2013, we are particularly excited about our plans in Europe, pending regulatory approval, to transition to Recognised Investment Exchange status, a distinction which will play a significant role in our growth and diversification plans for Europe." 

In the U.S., overall equities industry volumes rose month-over-month in April and declined year-over-year. Average daily volume was 6.4 billion shares, up from 6.1 billion shares in March and vs 6.5 billion shares a year ago.

In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €34.9 billion in April, in line with €34.9 billion in March and down from €37.1 billion one year ago.

Additional April Highlights:

April 2013 Volume and Market Share Summary

U.S. Equities

April 2013

     Overall Industry – Average Daily Consolidated Volume

6.4 billion shares

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

10.9%

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

693.5 million shares

U.S. Equity Options


     BATS Options – Matched Market Share

4.0%

     BATS Options – Average Daily Matched Volume

656,824 contracts

European Equities


     Pan-European Total Consolidated Volume1 – Average Daily Notional Value

€34.9 billion

     BATS Chi-X Europe – Overall European Market Share

22.4%

     BATS Chi-X Europe – Total Notional Value Traded

€163.8 billion 

     BATS Chi-X Europe – Average Daily Notional Value

€7.8 billion 

1Based 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 April 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)




April 2013

April 2012

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages;

volume and notional figures exclude odd-lots)

      Average daily matched volume

693.5

746.7

      Total notional value traded for the month

$558,787.9

$519,465.7

   Market share percentage (for the period):



Overall matched market share

10.9%

11.5%

Tape A

9.5%

10.0%

Tape B

14.3%

15.0%

Tape C

11.5%

12.3%




Volume By Exchange:



BZX Exchange:


     Average daily matched volume

563.3

563.5

     Total notional value traded for the month

$464,356.6

$414,755.5

  Market share percentage (for the period):



Overall matched market share

8.9%

8.6%

Tape A

7.5%

7.2%

Tape B

11.8%

12.1%

Tape C

9.6%

9.5%




BYX Exchange:



     Average daily matched volume

130.2

183.2

     Total notional value traded for the month

$94,431.3

$104,710.2

  Market share percentage (for the period):



Overall matched market share

2.0%

2.8%

Tape A

2.0%

2.8%

Tape B

2.5%

2.9%

              Tape C

1.9%

2.8%




BATS 1000 Index

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

18,048.40

(04/30/13 close)

15,822.13

(04/30/12 close)




U.S. Equity Options (BATS Options)




April 2013

April 2012


Contracts

Market share

Contracts

Market share

Average daily matched volume

656,824

4.0%

488,878

3.1%






European Equities2 (BATS Chi-X Europe)




April 2013

April 2012


(In millions, except percentage)

Total notional value

€ 163,777.8

€173,512.0

Average daily notional value

€ 7,798.9

€9,132.2

Displayed average daily notional value

€ 7,215.6

€8,669.5

Non-displayed3 average daily notional value

€ 583.3

€462.7

Overall European market share

22.4%

24.6%










Market share by market (for the period):


April 2013

April 2012

London market overall

25.8%

30.4%

FTSE 100 securities

29.2%

34.5%

FTSE 250 securities

20.5%

27.0%




Paris market overall

22.9%

25.6%

CAC 40 securities

24.9%

27.0%

CAC Next20 securities

16.2%

25.9%




Frankfurt market overall

24.0%

24.9%

DAX 30 securities

25.6%

26.2%

MDAX securities

21.8%

26.3%




Amsterdam market overall

23.0%

29.6%

AEX securities

23.5%

30.3%

AMX securities

18.7%

20.9%




Brussels market overall

19.9%

23.3%

BEL 20 securities

21.5%

25.1%




Milan market overall

13.4%

14.8%

FTSE MIB securities

14.3%

15.8%




Zurich market overall

21.1%

25.6%

SMI securities

22.9%

27.3%

SMIM securities

15.3%

17.5%




Nordic market overall

24.9%

24.0%

Helsinki OMXH25 securities

24.9%

26.4%

Stockholm OMXS30 securities

28.2%

26.9%

Copenhagen OMXC20 securities

21.8%

20.2%

Oslo OBX securities

19.8%

19.6%




Vienna market overall

14.1%

14.3%

         ATX securities

14.4%

14.5%




Lisbon market overall

9.7%

15.5%

         PSI-20 securities

9.8%

15.5%




Dublin market overall

5.1%

4.1%

         ISEQ 20 securities

5.1%

4.1%




Madrid market overall

12.6%

5.6%

         IBEX 35 securities

12.8%

5.6%




Key Indices



EUROSTOXX 50 securities

22.6%

22.8%




2Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted.
3BXE 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 FCA-authorised 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



RELATED LINKS
http://www.bats.com
http://www.batstrading.com
http://www.batstrading.co.uk

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