BATS Chi-X Europe Continues Growth In Spain With Monthly Market Share Record; Also Sets New Record In Finland

Reports 10.4% U.S. Equities Market Share

News provided by

Jul 03, 2013, 07:00 ET

KANSAS CITY, Mo. and LONDON, July 3, 2013 /PRNewswire/ -- BATS Global Markets (BATS) today reported that BATS Chi-X Europe set another new monthly market share record of 14.4% and also a new one-day record of 19.5% for Spain's IBEX 35, and a new monthly record of 28.6% in Helsinki's OMXH25 Index.

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

BATS Chi-X Europe reported 26.7% market share across the Nordics, its second-best month on record in this region. In Copenhagen's OMXC20 and Stockholm's OMXS30, BATS Chi-X Europe reported market share of 25.4% and 30.1%, respectively, the second-best month on record in both of these key markets.

Overall, BATS Chi-X Europe recorded market share of 22.5%, in line with May. Average daily notional value was €8.0 billion in June vs €7.1 billion in May.

BATS' U.S. equities market share was 10.4% in June, in line with May. BATS Options recorded 3.8% market share in June, in line with May.

"Our continued growth in Europe is a testament to market participants' desire for increased competition as we retain our position as the largest exchange in Europe," said Joe Ratterman, chief executive of BATS Global Markets. "Both in Europe and in the U.S., we remain focused on sustaining – and further improving – market quality for the hundreds of firms that trade on BATS every day."

In the U.S., overall equities industry average daily volume was 7.1 billion shares in June, up from 6.4 billion shares in May and was the best month since May 2012. In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €35.6 billion in June, up from €32.0 billion in May.

Additional June Highlights:

David Howson joined BATS Chi-X Europe as chief operating officer in June, reporting to CEO Mark Hemsley. Mr. Howson, a well-respected and experienced technologist, is overseeing BATS Chi-X Europe's software engineering, infrastructure and operational teams.
In June, the iShares MSCI India Index ETF (INDA), which is listed on BATS Exchange, recorded inflows of over $208 million (or 8.75 million shares), ranking it in the top 20 inflows of all U.S. securities, including individual stocks, for the month according to Dow Jones. For the month, average daily volume for INDA exceeded 500,000 shares traded.
During June, the BATS BZX Exchange ranked 1^st or 2^nd in quality of trading in 358 of the 500 stocks that make up the S&P 500^® Index, as measured by effective spread, according to the BATS market quality statistics. The BZX Exchange also had the lowest effective spread in 11 of the top 25 exchange traded products.

June 2013 Volume and Market Share Summary

U.S. Equities	June 2013
Overall Industry – Average Daily Consolidated Volume	7.1 billion shares
BATS Exchanges (BZX and BYX Exchange) – Matched Market Share	10.4%
BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume	739.1 million shares
U.S. Equity Options
BATS Options – Matched Market Share	3.8%
BATS Options – Average Daily Matched Volume	669,966 contracts
European Equities
Pan-European Total Consolidated Volume¹– Average Daily Notional Value	€35.6 billion
BATS Chi-X Europe – Overall European Market Share	22.5%
BATS Chi-X Europe – Total Notional Value Traded	€160.4 billion
BATS Chi-X Europe – Average Daily Notional Value	€8.0 billion


¹	Based 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 June 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)
	June 2013	June 2012
The BATS Exchanges (BZX & BYX combined)	(In millions, except percentages; volume and notional figures exclude odd-lots)
Average daily matched volume	739.1	789.7
Total notional value traded for the month	$565,372.9	$536,117.3
Market share percentage (for the period):
*Overall matched market share*	10.4%	11.5%
Tape A	8.9%	10.4%
Tape B	14.4%	14.3%
Tape C	10.1%	12.0%

*Volume By Exchange:*
BZX Exchange:
Average daily matched volume	607.7	587.3
Total notional value traded for the month	$472,153.5	$422,413.3
Market share percentage (for the period):
*Overall matched market share*	8.5%	8.5%
Tape A	7.2%	7.3%
Tape B	12.0%	11.7%
Tape C	8.4%	9.1%

BYX Exchange:
Average daily matched volume	131.4	202.4
Total notional value traded for the month	$93,219.4	$113,704.0
Market share percentage (for the period):
*Overall matched market share*	1.8%	2.9%
Tape A	1.7%	3.1%
Tape B	2.4%	2.6%
Tape C	1.7%	2.9%

BATS 1000 Index (a broad-based U.S. equities market benchmark)	18,030.56 (06/28/13 close)	15,307.47 (06/30/12 close)


U.S. Equity Options (BATS Options)
	June 2013			June 2012
	*Contracts*	*Market share*		*Contracts*		*Market share*
Average daily matched volume	669,966	3.8%		536,990		3.5%

European Equities²(BATS Chi-X Europe)
			June 2013		June 2012
			(In millions, except percentage)
Total notional value			€160,355.4		€167,913.1
Average daily notional value			€8,017.8		€7,995.9
Displayed average daily notional value			€7,388.6		€7,616.2
Non-displayed³ average daily notional value			€629.2		€379.7
Overall European market share			22.5%		24.5%

*Market share by market (for the period):*
	June 2013	June 2012
*London market overall*	26.1%	30.5%
FTSE 100 securities	29.7%	33.9%
FTSE 250 securities	19.5%	26.2%

*Paris market overall*	20.6%	23.8%
CAC 40 securities	22.1%	24.9%
CAC Next20 securities	16.9%	24.0%

*Frankfurt market overall*	25.5%	26.4%
DAX 30 securities	27.5%	27.6%
MDAX securities	21.8%	28.7%

*Amsterdam market overall*	20.1%	26.4%
AEX securities	20.7%	27.0%
AMX securities	16.5%	21.4%

*Brussels market overall*	22.0%	20.9%
BEL 20 securities	22.9%	22.0%

*Milan market overall*	12.9%	14.5%
FTSE MIB securities	13.6%	15.2%

*Zurich market overall*	21.6%	23.8%
SMI securities	23.3%	25.2%
SMIM securities	16.7%	16.3%

*Nordic market overall*	26.7%	25.2%
Helsinki OMXH25 securities	28.6%	26.2%
Stockholm OMXS30 securities	30.1%	29.5%
Copenhagen OMXC20 securities	25.4%	21.3%
Oslo OBX securities	20.6%	19.5%

*Vienna market overall*	13.2%	16.4%
ATX securities	13.6%	16.6%

*Lisbon market overall*	11.2%	14.2%
PSI-20 securities	11.3%	14.4%

*Dublin market overall*	4.9%	3.8%
ISEQ 20 securities	4.9%	3.8%

*Madrid market overall*	14.0%	5.2%
IBEX 35 securities	14.4%	5.2%

*Key Indices* EUROSTOXX 50 securities	22.5%	21.8%

²	Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted.
³	BXE 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. In the U.S., BATS operates two stock exchanges, the BATS BZX Exchange and BYX Exchange; BATS Options, a U.S. equity options market; and the BATS 1000 Index, an innovative U.S. equities market benchmark. The BATS BZX Exchange is a primary listings venue for exchange-traded products and is home to 19 exchange-traded funds. In Europe, BATS Chi-X Europe, a Recognised Investment Exchange and the largest pan-European equities exchange by market share and value traded, offers trading in more than 1,800 of the most liquid equities across 25 indices and 15 major European markets. 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