BATS Global Markets Reports 12.1% U.S. Equities Market Share in October

BATS Europe Marks Third Anniversary And Receives Provisional Clearance For Chi-X Europe Deal; U.S. Options Market Share Reaches 3.6% Vs. 0.8% A Year Ago

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BATS Global Markets

Nov 01, 2011, 01:16 ET

KANSAS CITY, Mo. and LONDON, Nov. 1, 2011 /PRNewswire/ -- BATS Global Markets (BATS), a global operator of stock and options markets, today reported its third consecutive month above 12% matched market share in U.S. equities reporting 12.1% vs. 9.0% one year ago. BATS Options and BATS Europe also recorded solid performances in October, reporting 3.6% and 5.1% matched market share, respectively.

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BATS operates two stock exchanges in the U.S., the BATS BZX Exchange and BATS BYX Exchange; BATS Options, a U.S. equity options market; and BATS Europe, which operates an FSA-authorised multilateral trading facility in Europe. October 2011 highlights for each of these markets are outlined below.

BATS U.S. Equities:

BATS U.S. equities reported matched market share of 12.1% in October 2011, the second-best month in company history and third consecutive month above 12%. The monthly market share record is 12.3%, which was set in August 2011.
BATS set a new matched market share record in Tape A securities with 10.2% and reported its second-best month ever in Tape C securities with 13.3%.
BATS U.S. equities reported average daily matched volume of 1,044.6 million shares in October 2011.

BATS Options:

BATS Options reported matched market share of 3.6% in October 2011 with average daily matched volume of 650,680 contracts.
BATS Options' highest one-day matched contract volume for the month was 903,279 contracts, reported on October 27.

BATS Europe:

BATS Europe celebrated the third anniversary of its launch on October 31 and reported overall European market share of 5.1% in October.
BATS Europe reported total notional value in October of €40.2 billion traded and average daily notional value of €1.85 billion.
The BATS Europe Dark Pool earned average notional value traded of €141.6 million for the month versus €63.2 million a year ago.

Additional company news:

On October 20, the UK Competition Commission announced it has provisionally decided to approve the acquisition of Chi-X Europe by BATS Global Markets. The Competition Commission reviewed the transaction and provisionally concluded that it does not expect it to result in a substantial lessening of competition. The Commission is expected to publish its final report by December 2, 2011, the statutory deadline for completion of its inquiry. Assuming that the UK Competition Commission clears the acquisition in its final decision, it is anticipated that the transaction will be completed by the end of this year.
BATS remains on track to launch its U.S. primary listings business in December 2011. As a new primary listings exchange, BATS will provide issuers an alternative for initial public offerings (IPOs) and stock listing transfers.
BATS Europe transitioned to a new data center facility, Equinix Slough, and launched live trading on October 10.
The BATS 1000(SM) Index ended the month up 1,438.85 points, or 11.2%, to end at 14,270.67. The Index offers a listings-neutral, broad snapshot of the U.S. equities marketplace by tracking the performance of 1,000 securities classified in 10 important industry sectors.
Among global equities markets operators in September 2011, BATS remained the third-largest in the world after NYSE Euronext and NASDAQ in terms of value of shares traded, well ahead of competitors in Tokyo, China, London and Germany. In September, all three of BATS' equity market centers ranked among the top 25 largest in the world, in terms of notional value traded: the BZX Exchange remained ranked #4, the BYX Exchange was ranked #13, and BATS Europe was ranked #25. (October 2011 information for international exchanges is not yet available.)

A breakdown of October 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:**
	October 2011	October 2010**
The BATS Exchanges (BZX & BYX combined)	(In millions, except percentages)
Average daily matched volume	1,044.6	704.7
Total notional value traded for the month	$727,765.7	$471,495.3
Market share percentage (for the period):
Tape A	10.2%	6.8%
Tape B	15.9%	14.7%
Tape C	13.3%	10.4%
Overall matched market share	12.1%	9.0%

Volume By Exchange:
BZX Exchange:
Average daily matched volume	844.6	694.6
Total notional value traded for the month	$606,490.8	$467,861.4
Market share percentage (for the period):
Tape A	7.8%	6.6%
Tape B	13.7%	14.7%
Tape C	11.0%	10.3%
Overall matched market share	9.8%	8.9%

BYX Exchange:
Average daily matched volume	200.0	10.1
Total notional value traded for the month	$121,274.9	$3,633.9
Market share percentage (for the period):
Tape A	2.4%	0.2%
Tape B	2.2%	0.1%
Tape C	2.3%	0.1%
Overall matched market share	2.3%	0.1%

Volume and notional figures exclude odd-lots. *The BYX Exchange was launched in October 2010.


BATS Options:
	October 2011		October 2010
	*Contracts*	*Market share*	*Contracts*	*Market share*
Average daily matched volume	650,680	3.6%	118,317	0.8%


BATS Europe:*	October 2011	October 2010
	(In millions, except percentage)
Average daily notional value matched	€1,846.7	€2,169.1
Total notional value touched	€40,164.9	€46,499.3
Average daily notional value for BATS Europe Dark Pool	€141.6	€63.2

*Pan-European market share percentage (for the period):*
*Overall European market share*	5.1%	6.4%
STOXX 50 securities	5.6%	7.7%

*London market overall*	*7.6%*	*9.9%*
FTSE 100 securities	8.4%	11.3%
FTSE 250 securities	8.6%2	6.2%

*Paris market overall*	*5.1%*	*5.0%*
CAC 40 securities	5.3%	5.4%
CAC Next20 securities	6.5%3	4.5%

*Frankfurt market overall*	*4.3%*	*5.2%*
DAX 30 securities	4.3%	5.7%
MDAX securities	5.1%	3.7%

*Amsterdam market overall*	*5.3%*	*6.2%*
AEX securities	5.3%	6.3%

*Brussels market overall*	*5.4%*	*4.0%*
BEL 20 securities	5.6%	3.9%

*Milan market overall*	*3.7%*	*7.8%*
FTSE MIB securities	3.7%	8.3%

*Zurich market overall*	*5.1%*	*8.1%*
SMI securities	5.3%	8.7%
SMIM securities	4.1%	4.1%

*Nordic market overall*	*4.4%*	*5.2%*
Helsinki OMXH25 securities	5.0%	7.9%
Stockholm OMXS30 securities	4.3%	5.8%
Copenhagen OMXC20 securities	4.2%	6.3%
Oslo OBX securities	5.0%3	2.5%

Additional markets:
Lisbon market overall	5.1%	1.5%
Vienna market overall	2.9%	0.8%
(1) New Record; (2) 2nd highest in firm history (3) 3rd highest in firm history ***Figures represent consolidated figures (lit and dark books), unless otherwise noted.

About BATS

BATS Global Markets (BATS) is a leading operator of stock and options markets around the globe. 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 Europe, an FSA-authorised multilateral trading facility in Europe. Each of these marketplaces is powered by BATS' innovative and proprietary technology that 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