BATS Pan-European Market Share Display Adds Dark Pool Data

LONDON and KANSAS CITY, Mo., Sept. 8 /PRNewswire/ -- BATS Europe, operator of an innovative and technology-leading European Multilateral Trading Facility (MTF), today unveiled the addition of major dark pool execution venues to its oft-cited pan-European market share display, which is available free of charge on the BATS Europe web site.

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The online market share display now includes near real-time notional value and volume summaries for dark order books operated by BATS Europe, Instinet BlockMatch, Chi-X, Liquidnet, Nomura NX, ITG Posit, Smartpool and Turquoise. The market share display also includes major European lit order books and has been further enhanced to include Burgundy and Equiduct market share information.

BATS Europe is the only MTF to provide this data publicly and free of charge.

"With these new enhancements, BATS Europe offers the most comprehensive free overview of the European market as we continue to deliver more transparency to all market participants," said BATS Europe CEO Mark Hemsley. "Feedback from customers and industry analysts indicates the display has added tremendous value to those seeking a consolidated view of European trading activity and we will continue to develop robust tools that help all market participants better understand the market."

The display provides near real-time (delayed by 15 minutes) notional value and volume summaries for BATS Europe, as well as other major European exchanges and MTFs. The average value for the previous five trading days is also shown.

The market share display is computed by monitoring major European stock exchanges, MTF and other trading venue market data feeds, and summarising order book executions from each market centre.

BATS Europe, which launched in late 2008, currently executes more than 5% or more in nine major indices, including 9% of the FTSE 100, as well as 5.8% of the European market overall.

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 plans to launch a second US equities exchange, BYX, in October 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