BATS Chi-X Europe, BATS U.S. Options Set Monthly Market Share Records In July
Records Set in Spain, Nordics, EuroSTOXX 50 and Depositary Receipts Trading
KANSAS CITY, Mo. and LONDON, Aug. 1, 2013 /PRNewswire/ -- BATS Global Markets (BATS) today reported that BATS Chi-X Europe set seven monthly market share records in its second month as a Recognised Investment Exchange while BATS Options recorded its best month with 4.3% market share.
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BATS Chi-X Europe posted market share of 24.3% in the EuroSTOXX 50, surpassing the previous record of 23.9% set in November 2012, and 15.6% in Spain's IBEX 35, topping the 14.4% set in June. Additional Europe records in July include Depositary Receipts (FTSE RIOB, 9.0%), Frankfurt's DAX (28.8%), Stockholm's OMXS30 (31.4%), Helsinki's OMXH25 (30.7%), and Oslo's OBX (23.2%).
Overall, BATS Chi-X Europe recorded market share of 24.2% in July vs 22.5% June. Average daily notional value was €7.3 billion in July vs €8.0 billion in June.
"We are extremely pleased with our expanding market share in multiple European markets as new and existing customers see the benefit of our change in status to a Recognised Investment Exchange," said Joe Ratterman, chief executive of BATS Global Markets. "Our evolution in Europe compliments the momentum underway in the U.S., as more firms increase their trading participation on BATS Options."
BATS' U.S. equities market share was 9.6% in July as overall equities industry average daily volume was 5.7 billion shares in July, down from 7.1 billion shares in June and 6.1 billion shares during the same period a year-ago. In the European securities markets covered by BATS Chi-X Europe, the total consolidated industry average daily notional value traded was €29.8 billion in July, down from €35.6 billion in June.
Additional July Highlights:
- During July, the BATS BZX Exchange ranked 1st or 2nd in quality of trading in 347 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 19 of the top 25 exchange traded products.
- The sale and purchase agreement was signed to combine EMCF and EuroCCP to form a new pan-European cash equities clearing house to be named EuroCCP N.V., pending approval by regulators and competition authorities. BATS Chi-X Europe is one of four 25% shareholders in the new entity.
- BATS Global Markets CEO Joe Ratterman was named to Institutional Investor's Tech 50 list for 2013 and has been continuously honored by the publication since 2008.
- The BATS 1000 Index® marked its fourth anniversary with its annual reconstitution resulting in the replacement of 27 companies in the Index. New additions include, Facebook, Avis Budget Group and Burger King.
- BATS Global Markets launched a Twitter account – @BATSGlobal.
July 2013 Volume and Market Share Summary
| U.S. Equities |
July 2013 |
| Overall Industry – Average Daily Consolidated Volume |
5.7 billion shares |
| BATS Exchanges (BZX and BYX Exchange) – Matched Market Share |
9.6% |
| BATS Exchanges (BZX and BYX Exchange) – Average Daily Matched Volume |
549.3 million shares |
| U.S. Equity Options |
|
| BATS Options – Matched Market Share |
4.3% |
| BATS Options – Average Daily Matched Volume |
625,218 contracts |
| European Equities |
|
| Pan-European Total Consolidated Volume1 – Average Daily Notional Value |
€29.8 billion |
| BATS Chi-X Europe – Overall European Market Share |
24.2% |
| BATS Chi-X Europe – Total Notional Value Traded |
€167.3 billion |
| BATS Chi-X Europe – Average Daily Notional Value |
€7.3 billion |
1Based 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 July 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) |
|||
| July 2013 |
July 2012 |
||
| The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages; |
||
| Average daily matched volume |
549.3 |
750.0 |
|
| Total notional value traded for the month |
$451,119.3 |
$512,120.5 |
|
| Market share percentage (for the period): |
|||
| Overall matched market share |
9.6% |
12.3% |
|
| Tape A |
8.3% |
11.1% |
|
| Tape B |
13.3% |
15.0% |
|
| Tape C |
9.6% |
13.2% |
|
| Volume By Exchange: |
|||
| BZX Exchange: |
|||
| Average daily matched volume |
450.5 |
560.9 |
|
| Total notional value traded for the month |
$375,933.5 |
$404,763.4 |
|
| Market share percentage (for the period): |
|||
| Overall matched market share |
7.9% |
9.2% |
|
| Tape A |
6.7% |
7.9% |
|
| Tape B |
11.0% |
12.2% |
|
| Tape C |
8.1% |
10.1% |
|
| BYX Exchange: |
|||
| Average daily matched volume |
98.8 |
189.2 |
|
| Total notional value traded for the month |
$75,185.8 |
$107,357.1 |
|
| Market share percentage (for the period): |
|||
| Overall matched market share |
1.7% |
3.1% |
|
| Tape A |
1.6% |
3.2% |
|
| Tape B |
2.3% |
2.9% |
|
| Tape C |
1.5% |
3.0% |
|
| BATS 1000 Index |
18,692.15 |
15,497.44 |
|
| (a broad-based U.S. equities market benchmark) |
(07/31/13 close) |
(07/31/12 close) |
|
| U.S. Equity Options (BATS Options) |
||||||||
| July 2013 |
July 2012 |
|||||||
| Contracts |
Market share |
Contracts |
Market share |
|||||
| Average daily matched volume |
625,218 |
4.3% |
517,079 |
3.6% |
||||
| European Equities2 (BATS Chi-X Europe) |
|||
| July 2013 |
July 2012 |
||
| (In millions, except percentage) |
|||
| Total notional value |
€167,283.3 |
€159,728.6 |
|
| Average daily notional value |
€7,273.2 |
€7,260.3 |
|
| Displayed average daily notional value |
€6,701.7 |
€6,842.7 |
|
| Non-displayed3 average daily notional value |
€571.5 |
€417.6 |
|
| Overall European market share |
24.2% |
24.6% |
|
| Market share by market (for the period): |
|||
| July 2013 |
July 2012 |
||
| London market overall |
28.0% |
30.0% |
|
| FTSE 100 securities |
31.4% |
33.7% |
|
| FTSE 250 securities |
20.1% |
24.7% |
|
| Paris market overall |
22.2% |
23.8% |
|
| CAC 40 securities |
23.8% |
24.7% |
|
| CAC Next20 securities |
17.4% |
25.6% |
|
| Frankfurt market overall |
26.8% |
26.5% |
|
| DAX 30 securities |
28.8% |
27.6% |
|
| MDAX securities |
22.9% |
27.9% |
|
| Amsterdam market overall |
21.0% |
25.8% |
|
| AEX securities |
21.3% |
26.3% |
|
| AMX securities |
17.7% |
20.0% |
|
| Brussels market overall |
22.9% |
20.4% |
|
| BEL 20 securities |
24.2% |
21.3% |
|
| Milan market overall |
13.9% |
14.7% |
|
| FTSE MIB securities |
14.7% |
15.4% |
|
| Zurich market overall |
24.8% |
26.0% |
|
| SMI securities |
27.2% |
27.6% |
|
| SMIM securities |
18.1% |
17.9% |
|
| Nordic market overall |
28.6% |
26.1% |
|
| Helsinki OMXH25 securities |
30.7% |
27.3% |
|
| Stockholm OMXS30 securities |
31.4% |
29.6% |
|
| Copenhagen OMXC20 securities |
26.2% |
21.8% |
|
| Oslo OBX securities |
23.2% |
21.1% |
|
| Vienna market overall |
15.9% |
17.5% |
|
| ATX securities |
16.2% |
17.7% |
|
| Lisbon market overall |
10.5% |
16.3% |
|
| PSI-20 securities |
10.6% |
16.5% |
|
| Dublin market overall |
6.5% |
4.6% |
|
| ISEQ 20 securities |
6.5% |
4.6% |
|
| Madrid market overall |
14.8% |
5.1% |
|
| IBEX 35 securities |
15.6% |
5.1% |
|
| Key Indices EUROSTOXX 50 securities |
24.3% |
21.9% |
|
| FTSE RIOB |
9.0% |
4.22% |
|
2Represent consolidated figures for BATS Europe (BXE) and Chi-X Europe (CXE) lit and dark books, unless otherwise noted.
3BXE 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 2,700 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
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