BATS Global Markets Reports March Volumes; CEO Ratterman Repeats Call to Action on SEC Concept Release

KANSAS CITY, Mo. and LONDON, April 1 /PRNewswire/ -- BATS Global Markets, an innovative global financial markets technology company, again set Europe market share records in March and CEO Joe Ratterman repeated his message to the industry to respond to the questions posed in the Securities and Exchange Commission's market structure concept release.  

"In our March newsletter, we encouraged the industry to take an active role in the current SEC Concept Release process as we believe it is vital for all participants to weigh in and bring forward arguments and evidence supporting their perspectives on current US equity market structure," Mr. Ratterman said. "Whatever someone's position or convictions, we urge them to take a responsible course of action and put forth their comments, providing supporting evidence where possible. It's imperative that all arguments be heard and weighed so that resulting regulatory changes will have the positive effect of optimizing our markets, not harming them.

"As we continue to grow our businesses in the US and abroad, we again thank our customers, investors and the industry for their support," he said.

In the US in March, BATS Exchange earned 9.5% matched market share and, among top global equities market operators, remained in 3rd place after NYSE and NASDAQ and ahead of exchanges based in Shanghai, Tokyo and London in terms of value of shares traded. BATS Exchange recently launched BATS Options in the US and is planning to offer a second US equities exchange, BYX, beginning this summer.

For the month, the BATS Europe MTF set a new overall European market share record with 5.3% as well as records in the FTSE 100, FTSE 250, SMI, AEX, OMXH25, OMXS30 and STOXX 50. The total notional value traded on BATS Europe in March reached a record high of 40 billion Euros.

Additional March Highlights:

• The Securities and Exchange Commission (SEC) public comment period for BATS' second U.S. equities exchange (BYX) ended March 15. BATS plans to go live with BYX in early summer 2010 pending SEC approval.
• BATS Europe set new one-day market share records in the FTSE 100 (11.0%), FTSE 250 (7.6%), SMI (8.2%), AEX (6.6%), OMXH25 (5.9%), OMXS30 (5.8%) and the overall European market (6.1%).
• BATS Exchange announced plans to offer new market data products to customers.    

BATS Exchange March Volume & Market Share Summary:

• Average total handled volume of 978,529,216 shares daily (includes odd-lots)
• Average matched volume of 788,823,141 shares daily (excludes odd-lots)
• Average internal match rate of 82.5%
• Matched market share for Tape A securities of 7.5%
• Matched market share for Tape B securities of 15.6%
• Matched market share for Tape C securities of 10.3%
• Matched market share for all securities of 9.5%
• Total notional value traded of $538,303,853,387 (excludes odd-lots)

BATS Europe March Volume & Market Share Summary:

• Average daily notional value traded of 1,727,839,925 Euros for all markets
• Average daily notional value traded of 47,482,451 Euros for the BATS Europe Dark Pool
• Market share for FTSE 100 securities of 9.2% (new record)
• Market share for FTSE 250 securities of 6.2% (new record)
• Market share for FTSE MIB securities of 6.3%
• Market share for CAC 40 securities of 4.8%
• Market share for DAX 30 securities of 4.8%
• Market share for AEX securities of 5.1% (new record)
• Market share for BEL 20 securities of 3.6%
• Market share for SMI securities of 6.3% (new record)
• Market share for OMXH25 securities of 4.5% (new record)
• Market share for OMXH30 securities of 4.2% (new record)
• Market share for STOXX 50 securities of 6.1% (new record)
• Market share for all securities of 5.3% (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 early summer 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