BATS Global Markets Achieves New U.S. Equities Market Share Record - 12.8%; Sets Numerous European Records

U.S. Options Market Share at 3.7%; BATS Chi-X Europe Remains Largest Pan-European Market

News provided by

BATS Global Markets

Sep 06, 2012, 08:00 ET

KANSAS CITY, Mo., and LONDON, Sept. 6, 2012 /PRNewswire/ -- BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported August U.S. equities market share of 12.8%, the best monthly market share performance in the company's six-year history.

(Logo:  http://photos.prnewswire.com/prnh/20100701/CG29735LOGO)

Much of the growth was driven by the company's BYX Exchange, which set a monthly market share record of 3.7% less than two years since its October 2010 inception.

"Our strong momentum continued in August with the best U.S. equities monthly market share performance in our six-year history," said President and Chief Executive Joe Ratterman.  "We also witnessed further success in our options business and new record market share in Copenhagen, Frankfurt and Vienna.

"Increasingly, the broker-dealer community appreciates the price improvement, reliability, and overall trading experience on the platforms we operate, contributing to our consistent growth," he said.

BATS Chi-X Europe also remained the largest pan-European market by notional value traded in August, with monthly market share exceeding 25% in the UK, German, Swiss, Dutch, Swedish and Finnish markets. Overall European market share was 23.8%. Monthly records were achieved in Germany's MDAX (29.0%), Denmark's OMXC20 (22.3%) and Austria's ATX (18.7%).

In the U.S., BATS Options again recorded month-over-month matched market share of 3.7% up from 3.6% in July.

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 runs an FSA-authorized multilateral trading facility.

August 2012 Highlights

U.S. Equities and Options:

BATS Exchanges

 (BZX Exchange and BYX Exchange)

Matched Market Share

12.8% (vs. 12.3% in July; 12.3% one year ago)

Average Daily Matched Volume

693.6 million shares

BATS Options

Matched Market Share

3.7% (vs. 3.6% in July; 3.7% one year ago)2

Average Daily Matched Volume

485,935 contracts
  • BATS U.S. cash equities market share of 12.8%, best month on record.
  • The BATS Exchanges set a new monthly market share record in Tape A (NYSE-listed) securities, capturing 11.8% market share.
  • BATS BYX hit a new market share record of 3.7% in less than two years since its inception.
  • BATS Retail Price Improvement program on track for likely 2012 launch.  
  • The BATS 1000® Index, a broad based U.S. equities market benchmark, ended the month up 243.25 points, or 1.5%, to close at 15,740.69.

European Equities:

BATS Chi-X Europe

Overall European Market Share

23.8% (vs. 24.6% in July; vs. 25.1% one year ago1)

Combined Total Notional Value Traded

€133.9 billion

Combined Average Daily Notional Value

€5.8 billion

New Individual Market Records

MDAX = 29.0% (vs. 27.9% in July; 23.9% one year ago1)

OMXC = 22.3% (vs. 21.8% in July; 17.1% one year ago1)

ATX = 18.7% (vs. 17.7% in July; 9.8% 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 25% in the UK, German, Swiss, Dutch, Swedish and Finnish markets, and reached 25% of the overall Nordic market.

August 2012 Volume and Market Share Summary

A complete breakdown of August 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:

August 2012

August 2011

The BATS Exchanges (BZX & BYX combined)

(In millions, except percentages;

volume and notional figures exclude odd-lots)

      Average daily matched volume

693.6

1,303.8

      Total notional value traded for the month

$505,538.5

$1,062,829.5

   Market share percentage (for the period):

Tape A

11.8%

9.9%

    Tape B

15.1%

16.8%

    Tape C

13.4%

14.0%

Overall matched market share

12.8%

12.3%


Volume By Exchange:

BZX Exchange:

     Average daily matched volume

492.6

1,045.2

     Total notional value traded for the month

$378,684.9

$900,088.1

  Market share percentage (for the period):

Tape A

8.0%

7.3%

    Tape B

11.8%

14.9%

    Tape C

9.8%

11.4%

Overall matched market share

9.1%

9.9%



BYX Exchange:

     Average daily matched volume

201.0

258.6

     Total notional value traded for the month

$126,853.6

$162,741.4

  Market share percentage (for the period):

Tape A

3.9%

2.6%

    Tape B

3.3%

1.9%

                    Tape C

3.6%

2.6%

Overall matched market share

3.7%

2.5%



BATS Options:

August 2012

August 2011

Contracts

Market share

Contracts

Market share

Average daily matched volume

485,935

3.7%

866,843

3.7%





2 Adjusted from 4.2%, which was published in July 2011 volume press release.

European Equities3:

August 2012

August 2011

(In millions, except percentage)

Total notional value

€133,917.2

€282,211.9

Average daily notional value

€5,822.4

€12,270.1

Displayed average daily notional value

€5,485.9

€11,712.1

Non-displayed4 average daily notional value

€336.5

€558.0


Market share by platform (for the period):

Overall European market share

23.8%

25.1%

STOXX Europe 50 securities

25.6%

27.8%



    London market overall

29.1%

34.0%

FTSE 100 securities

32.2%

39.1%

FTSE 250 securities

26.5%

29.4%



   Paris market overall

23.5%

25.9%

CAC 40 securities

24.5%

27.9%

CAC Next20 securities

24.8%

25.5%



   Frankfurt market overall

25.2%

24.0%

DAX 30 securities

26.2%

26.2%

MDAX securities

29.0%

23.9%



    Amsterdam market overall

25.4%

30.3%

AEX securities

25.9%

31.0%



    Brussels market overall

21.9%

26.8%

BEL 20 securities

22.1%

28.5%



    Milan market overall

11.9%

19.0%

FTSE MIB securities

12.4%

19.5%



    Zurich market overall

25.3%

24.7%

SMI securities

27.1%

26.2%

SMIM securities

15.8%

14.5%



    Nordic market overall

24.9%

19.3%

Helsinki OMXH25 securities

26.0%

22.9%

Stockholm OMXS30 securities

28.0%

22.6%

Copenhagen OMXC20 securities

22.3%

17.1%

Oslo OBX securities

20.5%

14.1%



    Vienna market overall

18.4%

9.7%

         ATX securities

18.7%

9.8%



    Lisbon market overall

16.1%

17.4%

         PSI-20 securities

16.3%

17.4%



    Dublin market overall

6.0%

2.6%

         ISEQ 20 securities

6.0%

2.6%



    Madrid market overall

3.4%

1.9%

         IBEX 35 securities

3.5%

2.0%

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

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