BATS Global Markets Records 2nd Best U.S. Equities Monthly Market Share In July; U.S. Options, European Equities Continue Strong Growth

BATS Reports 12.3% U.S. Equities Market Share, Up From 11.1% a Year Ago; BATS Chi-X Europe Sets Monthly Market Share Records in Nordic and Portuguese Markets; U.S. Options Market Share Rises Sequentially to 3.6%

News provided by

BATS Global Markets

Aug 07, 2012, 09:30 ET

KANSAS CITY, Mo., and LONDON, Aug. 7, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported U.S. equities market share of 12.3% in July, the second-best monthly market share performance in the company's seven-year history, as well as numerous monthly records in Europe including the Nordic and Portuguese markets. 

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BATS Chi-X Europe remained the largest pan-European market by notional value traded in July, recording a second consecutive monthly market share record in the overall Nordic market with 26.1%, including individual records in Stockholm's OMXS30 (29.6%), Copenhagen's OMXC20 (21.8%), Oslo's OBX (21.1%) and Lisbon's PSI-20 (16.5%). Overall European market share reached 24.6%, up from 24.4% one year ago on a pro forma basis.

In the U.S., BATS Options again recorded strong month-over-month growth with market share rising to 3.6% matched market share, up from 3.5% in June.

"Our significant market share growth in the U.S., despite a steep decline in overall industry equity volumes, highlights BATS' ability to meet our customers' needs and our ability to continue to grow our core markets, even in challenging market environments," said CEO and President Joe Ratterman. "U.S. Options also reported one of its strongest months to date as the level of overall customer participation continues to increase."

"In addition, we are happy to report that BATS Chi-X Europe remains the largest pan-European market by notional value traded and we continue to see growth in numerous key indices, as evidenced by monthly records in Stockholm's OMXS, Copenhagen's OMXC, Oslo's OBX and Lisbon's PSI-20," he said.   

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 operates a FSA-authorized multilateral trading facility.

July 2012 Highlights

U.S. Equities and Options:

BATS Exchanges

 (BZX Exchange and BYX Exchange)

Matched Market Share

12.3% (vs. 11.5% in June; 11.1% one year ago)

Average Daily Matched Volume

750 million shares

BATS Options

Matched Market Share

3.6% (vs. 3.5% in June; 3.9% one year ago)

Average Daily Matched Volume

517,079 contracts
  • BATS U.S. cash equities market share of 12.29%, second best ever (record is 12.34% in August 2011)
  • BATS BZX Exchange recorded 9.2% market share in July, while BYX reported 3.10%
  • The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month up 189.97 points, or 1.24%, to close at 15,497.44

European Equities:

BATS Chi-X Europe

Overall European Market Share

24.6% (vs. 24.5% in June; vs. 24.4% one year ago1)

Combined Total Notional Value Traded

€159.7 billion

Combined Average Daily Notional Value

€7.26 billion

New Individual Market Records

Nordics overall = 26.1% (vs. 25.2% in June; 19.2% one year ago1)

OMXS = 29.6% (vs. 29.5% in June; 21.8% one year ago1)

OMXC = 21.8% (vs. 21.3% in June; 17.1% one year ago1)

OBX = 21.1% (vs. 19.5% in June; 14.4% one year ago1)

PSI-20 = 16.5% (vs. 14.2 % in June; 13.1% one year ago1)

1 All 2011 figures are on a pro forma basis.
  • BATS Chi-X Europe remains the largest European equities market center by market share and notional value traded.
  • Monthly market share exceeded 20% in the markets of London, Paris, Amsterdam, Frankfurt, Brussels, Zurich and the Nordics.
  • Market share in Madrid's IBEX 35 was 5.1% vs 1.6% a year ago.

July 2012 Volume and Market Share Summary

A complete breakdown of July 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.batsglobalmarkets.com/markets/

U.S. Equities:

July 2012

July 2011

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages;

volume and notional figures exclude odd-lots)

      Average daily matched volume

750.0

774.5

      Total notional value traded for the month

$512,120.5

$567,557.3

   Market share percentage (for the period):

Tape A

11.1%

9.1%

    Tape B

15.0%

15.4%

    Tape C

13.2%

12.3%

Overall matched market share

12.3%

11.1%


Volume By Exchange:

BZX Exchange:

     Average daily matched volume

560.9

620.1

     Total notional value traded for the month

$404,763.4

$476,638.6

  Market share percentage (for the period):

Tape A

7.9%

6.7%

    Tape B

12.2%

13.6%

    Tape C

10.1%

10.0%

Overall matched market share

9.2%

8.9%



BYX Exchange:

     Average daily matched volume

189.2

154.4

     Total notional value traded for the month

$107,357.1

$90,918.7

  Market share percentage (for the period):

Tape A

3.2%

2.3%

    Tape B

2.9%

1.8%

                    Tape C

3.0%

2.2%

Overall matched market share

3.1%

2.2%










BATS Options:

July 2012

July 2011

Contracts

Market share

Contracts

Market share

Average daily matched volume

517,079

3.6%

664,010

3.9%





2 Adjusted from 4.4%, which was published in July 2011 volume press release.







European Equities3:

July 2012

July 2011

(In millions, except percentage)

Total notional value

€159,728.6

€197,093.1

Average daily notional value

€7,260.3

€9,385.3

Displayed average daily notional value

€6,842.7

€8,940.0

Non-displayed4 average daily notional value

€417.6

€445.3


Market share by platform (for the period):

Overall European market share

24.6%

24.4%

STOXX Europe 50 securities

26.6%

27.4%



    London market overall

30.0%

32.5%

FTSE 100 securities

33.7%

37.1%

FTSE 250 securities

24.7%

27.7%



   Paris market overall

23.8%

26.0%

CAC 40 securities

24.7%

28.3%

CAC Next20 securities

25.6%

23.1%



   Frankfurt market overall

26.5%

25.9%

DAX 30 securities

27.6%

29.5%

MDAX securities

27.9%

22.0%



    Amsterdam market overall

25.8%

29.8%

AEX securities

26.3%

30.8%



    Brussels market overall

20.4%

26.9%

BEL 20 securities

21.3%

28.4%



    Milan market overall

14.7%

19.9%

FTSE MIB securities

15.4%

20.4%



    Zurich market overall

26.0%

23.6%

SMI securities

27.6%

25.1%

SMIM securities

17.9%

13.1%



    Nordic market overall

26.1%

19.2%

Helsinki OMXH25 securities

27.3%

23.3%

Stockholm OMXS30 securities

29.6%

21.8%

Copenhagen OMXC20 securities

21.8%

17.1%

Oslo OBX securities

21.1%

14.4%



    Vienna market overall

17.5%

10.6%

         ATX securities

17.7%

10.8%



    Lisbon market overall

16.3%

13.1%

         PSI-20 securities

16.5%

13.1%



    Dublin market overall

4.6%

2.1%

         ISEQ 20 securities

4.7%

2.1%



    Madrid market overall

5.1%

1.6%

         IBEX 35 securities

5.1%

1.7%



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.batsglobalmarkets.com.

SOURCE BATS Global Markets