BATS Global Markets Reports 11.5% U.S. Equities Market Share in November
BATS CLOSES ACQUISITION OF CHI-X EUROPE, BATS EUROPE REPORTS 5.1% EUROPE MARKET SHARE; U.S. OPTIONS MARKET SHARE EQUALS 3.1% VS. 0.7% A YEAR AGO
KANSAS CITY, Mo. and LONDON, Dec. 2, 2011 /PRNewswire/ -- BATS Global Markets (BATS), a global operator of stock and options markets, today reported strong U.S. equities matched market share of 11.5% compared to 9.9% a year ago. BATS Options and BATS Europe also recorded solid performances in October, reporting 3.1% and 5.1% matched market share, respectively.
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Yesterday BATS announced the completion of its acquisition of Chi-X Europe. All BATS Europe figures in this press release exclude Chi-X Europe volume.
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 and Chi-X Europe, which operate FSA-authorized multilateral trading facilities.
November 2011 highlights for each of the BATS markets are outlined below.
BATS U.S. Equities:
- BATS U.S. equities reported matched market share of 11.5% in November 2011 up from 9.9% in the same period a year ago.
- BATS U.S. equities reported average daily matched volume of 843.6 million shares in November 2011.
BATS Options:
- BATS Options reported matched market share of 3.1% in November 2011, up from 0.7% one year ago, with average daily matched volume of 500,081 contracts.
- BATS Options' highest one-day matched contract volume for the month was 1,133,906 contracts, reported on November 11.
BATS Europe:
- BATS Europe reported overall European market share of 5.1% in November compared to 6.6% a year ago. As noted previously, BATS Europe transitioned to a new data center facility, Equinix Slough, and launched live trading on October 10.
- BATS Europe reported total notional value in November of €39.5 billion traded and average daily notional value of €1.75 billion.
- The BATS Europe Dark Pool earned average notional value traded of €142.6 million for the month versus €75.3 million a year ago.
Additional company news:
- On December 1 BATS announced the completion of its acquisition of Chi-X Europe following the formal approval of the deal by the UK Competition Commission on November 24. BATS intends to combine the BATS Europe and Chi-X Europe MTFs, which will be known as BATS Chi-X Europe and will account for approximately 25% of overall European equities trading.
- Beginning today, the BATS Exchange, also known as the BATS BZX Exchange, is a U.S. primary listings venue, providing issuers a new market to list their stocks.
- The BATS 1000® Index ended the month virtually unchanged at 14,266.11, which was a decrease of 4.56 points on the month. 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 October 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 October, all three of BATS' equity market centers ranked among the top 30 largest in the world, in terms of notional value traded: the BZX Exchange remained ranked #4, the BYX Exchange was ranked #12, and BATS Europe was ranked #28. (November 2011 information for international exchanges is not yet available.)
A breakdown of November 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*: |
|||
November 2011 |
November 2010** |
||
The BATS Exchanges (BZX & BYX combined) |
(In millions, except percentages) |
||
Average daily matched volume |
843.6 |
764.6 |
|
Total notional value traded for the month |
$605,286.8 |
$512,248.1 |
|
Market share percentage (for the period): |
|||
Tape A |
9.8% |
7.6% |
|
Tape B |
14.9% |
15.4% |
|
Tape C |
12.7% |
11.2% |
|
Overall matched market share |
11.5% |
9.9% |
|
Volume By Exchange: |
|||
BZX Exchange: |
|||
Average daily matched volume |
666.0 |
695.8 |
|
Total notional value traded for the month |
$496,475.9 |
$488,568.8 |
|
Market share percentage (for the period): |
|||
Tape A |
7.3% |
6.6% |
|
Tape B |
12.6% |
14.8% |
|
Tape C |
10.4% |
10.5% |
|
Overall matched market share |
9.1% |
9.0% |
|
BYX Exchange: |
|||
Average daily matched volume |
177.6 |
68.8 |
|
Total notional value traded for the month |
$108,810.9 |
$25,679.3 |
|
Market share percentage (for the period): |
|||
Tape A |
2.5% |
1.0% |
|
Tape B |
2.3% |
0.6% |
|
Tape C |
2.3% |
0.8% |
|
Overall matched market share |
2.4% |
0.9% |
|
*Volume and notional figures exclude odd-lots. **The BYX Exchange was launched in October 2010. |
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BATS Options: |
|||||
November 2011 |
November 2010 |
||||
Contracts |
Market share |
Contracts |
Market share |
||
Average daily matched volume |
500,081 |
3.1% |
117,915 |
0.7% |
|
BATS Europe***: (Figures do not include Chi-X Europe market share) |
November 2011 |
November 2010 |
||
(In millions, except percentage) |
||||
Average daily notional value matched |
€1,751.2 |
€2,397.5 |
||
Total notional value touched |
€39,504.6 |
€53,811.6 |
||
Average daily notional value for BATS Europe Dark Pool |
€142.6 |
€75.3 |
||
Pan-European market share percentage (for the period): |
||||
Overall European market share |
5.1% |
6.6% |
||
STOXX Europe 50 securities |
5.4% |
7.8% |
||
London market overall |
7.2% |
10.3% |
||
FTSE 100 securities |
7.7% |
11.6% |
||
FTSE 250 securities |
8.1% |
7.2% |
||
Paris market overall |
5.0% |
5.0% |
||
CAC 40 securities |
5.2% |
5.5% |
||
CAC Next20 securities |
6.2% |
4.7% |
||
Frankfurt market overall |
4.3% |
6.0% |
||
DAX 30 securities |
4.3% |
6.6% |
||
MDAX securities |
5.1% |
4.3% |
||
Amsterdam market overall |
5.0% |
6.5% |
||
AEX securities |
5.1% |
6.7% |
||
Brussels market overall |
5.9% |
4.8% |
||
BEL 20 securities |
6.0% |
4.8% |
||
Milan market overall |
4.1% |
7.3% |
||
FTSE MIB securities |
4.3% |
7.6% |
||
Zurich market overall |
5.1% |
8.3% |
||
SMI securities |
5.4% |
8.9% |
||
SMIM securities |
3.8% |
4.1% |
||
Nordic market overall |
4.6% |
5.6% |
||
Helsinki OMXH25 securities |
4.9% |
8.7% |
||
Stockholm OMXS30 securities |
4.7% |
6.3% |
||
Copenhagen OMXC20 securities |
4.1% |
6.7% |
||
Oslo OBX securities |
4.9% |
2.7% |
||
Additional markets: |
||||
Lisbon market overall |
5.0% |
1.5% |
||
Vienna market overall |
3.2% |
0.9% |
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***Figures represent consolidated figures (lit and dark books), unless otherwise noted. |
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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, FSA-authorised multilateral trading facilities 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
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