BATS Reports 11.1% July US Market Share, Also Sets Overall Europe Record With 5.6%

KANSAS CITY, Mo. and LONDON, Aug. 2 /PRNewswire/ -- BATS Global Markets announced that BATS Exchange earned at least 11.0% matched market share for a record third consecutive month in July while BATS Europe earned a new monthly market share record for Europe overall and in seven different indices.

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BATS Exchange earned 11.1% US matched market share for the month and awaits approval from the US Securities and Exchange Commission for its second equities exchange, BYX (BATS Y-Exchange). In Tape B securities, BATS set a third straight monthly record in July with 18.1% matched market share.

The fast-growing BATS Europe multilateral trading facility (MTF), which offers trading in 15 European markets, earned a new monthly overall European market share record with 5.6%. BATS Europe also set new monthly market share records in Frankfurt's DAX (5.2%), Milan's FTSE MIB (7.0%), Amsterdam's AEX (6.1%), Helsinki's OMXH25 (7.8%), Stockholm's OMXS30 (5.5%) and the STOXX50 (6.3%).

BATS Europe also reports continued strong FTSE 100 and FTSE 250 market share with 8.6% and 6.2% respectively and its second best month to date in the SMI with 7.5%.

Among top global equities market operators in June, BATS Exchange remained in third place after NYSE and NASDAQ and well ahead of exchanges in Tokyo, China, Paris, Germany and London in terms of value of shares traded.

"We are pleased with July's results and expect market share to continue to grow significantly in all of our current businesses," said Joe Ratterman, CEO of BATS Global Markets and BATS Exchange. "We are also looking forward to the launch of our second US exchange, BYX, later this year, pending SEC approval, giving customers greater flexibility in pricing."

Additional July Highlights:

• BATS Options, the newest US equity options exchange, set a one-day matched volume record of 136,464 contracts on July 16th.
• BATS Europe set new one-day market share records in the AEX (7.5% on July 1st), OMXS30 (8.2% on July 2nd), OMXH25 (11.8% on July 12th), STOXX50 (7.7% on July 12th) and the European market overall (6.5% on July 12th).    
• The BATS 1000(SM) Index closed at 12,370.81 in July compared to 11,495.85 in June, an advance of 7.6% compared to an increase of 6.9% for the S&P 500 Index for the month.

BATS Exchange July Volume & Market Share Summary:

• Average total handled volume of 1,060,383,637 shares daily (includes odd-lots)
• Average matched volume of 911,636,203 shares daily (excludes odd-lots)
• Average internal match rate of 88.0%
• Matched market share for Tape A securities of 8.3%
• Matched market share for Tape B securities of 18.1% (new record)
• Matched market share for Tape C securities of 12.6% (2nd highest in firm history)
• Matched market share for all securities of 11.1%
• Total notional value traded of $577,723,443,019 (excludes odd-lots)

BATS Europe July Volume & Market Share Summary:

• Average daily notional value traded of 1,823,097,721 for all markets
• Average daily notional value traded of euro 55,932,236 for the BATS Europe Dark Pool
• Market share for FTSE 100 securities of 8.6%
• Market share for FTSE 250 securities of 6.2%
• Market share for FTSE MIB securities of 7.0% (new record)
• Market share for CAC 40 securities of 5.1%
• Market share for DAX 30 securities of 5.2% (new record)
• Market share for AEX securities of 6.1% (new record)
• Market share for BEL 20 securities of 3.7%
• Market share for SMI securities of 7.5% (2nd highest in firm history)
• Market share for OMXH25 securities of 7.8% (new record)
• Market share for OMXS30 securities of 5.5% (new record)
• Market share for STOXX 50 securities of 6.3% (new record)
• Market share for all securities of 5.6% (new record) 

About BATS

BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc., is a premier destination among the top ranked equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities. Most recently, BATS launched a US equity options market, BATS Options, and expects to launch a second US equities exchange, BYX, in 2010. The BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS ... Making Markets Better.

SOURCE BATS Global Markets