BATS Global Markets U.S. Equities Market Share Rose In April; Europe Depository Receipts Trading Reached Monthly Record

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%.  

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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:

• BATS Chi-X Europe announced the appointment of David Howson as chief operating officer.
  Mr. Howson will join BATS Chi-X Europe in June, reporting to CEO Mark Hemsley.
• On April 26 at the Options Industry Conference (OIC) in Las Vegas, BATS Options announced they will be hosting next year's OIC in Austin, Texas.
• During April, the BATS BZX Exchange ranked 1^st or 2^nd with regards to effective spread in 374 of the 500 stocks that make up the S&P 500^® Index according to the BATS market quality statistics. The BZX Exchange also had the lowest effective spread in six of the top 25 exchange traded products.
•  BATS Chi-X Europe continues discussions to become an equal shareholder in the proposed combination of two pan-European cash equities clearinghouses, EuroCCP and EMCF.

April 2013 Volume and Market Share Summary

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

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